{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\mzarit\Documents\Regional Convergence.Krause & Zarit.10-06-2015.SI MODEL.SANS CONTROLS.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}15 Oct 2015, 17:24:52

{com}. do "C:\Users\mzarit\AppData\Local\Temp\STD0i000000.tmp"
{txt}
{com}. 
. set more off
{txt}
{com}. 
. 
. tsset state_fips year, yearly
{res}{txt}{col 8}panel variable:  {res}state_fips (unbalanced)
{txt}{col 9}time variable:  {res}{col 25}year, 1942 to 2010
{txt}{col 17}delta:  {res}1 year
{txt}
{com}. 
. 
. 
. preserve
{txt}
{com}. 
. *************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. *****************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. *** I.A: NON-SOUTHERN STATES (N = 35): FULL TIME PERIOD (1942 - 2010): BIVARIATE DYNAMIC PANEL ARDL(4,3)--ECM REGRESSION MODELS OF STATE REAL PER CAPITA PERSONAL INCOME [real_pc_inc_ann] /// 
> ///       & STATE klarnerranney INDEX FOR PARTISAN COMPETITION IN LEGISLATURE/REPRESENTATIVE ASSEMBLIES [klarnerranney] WITH TWO-WAY FIXED EFFECTS [STATE AND TIME UNIT EFFECTS]  ***
> 
. 
. 
. 
. // (4,3)  MODEL
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  i.state_fips i.year if nonsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     2,230{col 27}-16556.11{col 38}-15807.12{col 49}   107{col 58} 31828.25{col 69} 32439.19
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  i.state_fips i.year if nonsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     2,230
{txt}maximum lag: {res}8{col 49}{txt}F(106,      2123){col 67}= {res}     27.29
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0408887{col 29}{space 2}  .009516{col 40}{space 1}   -4.30{col 49}{space 3}0.000{col 57}{space 4}-.0595504{col 70}{space 3} -.022227
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} -.194106{col 29}{space 2} .3976796{col 40}{space 1}   -0.49{col 49}{space 3}0.626{col 57}{space 4}-.9739882{col 70}{space 3} .5857763
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0839198{col 29}{space 2} .0602182{col 40}{space 1}    1.39{col 49}{space 3}0.164{col 57}{space 4}-.0341731{col 70}{space 3} .2020127
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-1.877225{col 29}{space 2} .8989253{col 40}{space 1}   -2.09{col 49}{space 3}0.037{col 57}{space 4}-3.640092{col 70}{space 3}-.1143591
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0547826{col 29}{space 2} .0405427{col 40}{space 1}    1.35{col 49}{space 3}0.177{col 57}{space 4} -.024725{col 70}{space 3} .1342902
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} 1.610206{col 29}{space 2} .6679682{col 40}{space 1}    2.41{col 49}{space 3}0.016{col 57}{space 4} .3002658{col 70}{space 3} 2.920147
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0521693{col 29}{space 2} .0535601{col 40}{space 1}   -0.97{col 49}{space 3}0.330{col 57}{space 4}-.1572049{col 70}{space 3} .0528664
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0070015{col 29}{space 2} .8023605{col 40}{space 1}    0.01{col 49}{space 3}0.993{col 57}{space 4}-1.566493{col 70}{space 3} 1.580496
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}4  {c |}{col 17}{res}{space 2}-209.8902{col 29}{space 2} 126.1498{col 40}{space 1}   -1.66{col 49}{space 3}0.096{col 57}{space 4}-457.2802{col 70}{space 3} 37.49986
{txt}{space 13}6  {c |}{col 17}{res}{space 2} -70.8417{col 29}{space 2}  125.578{col 40}{space 1}   -0.56{col 49}{space 3}0.573{col 57}{space 4}-317.1104{col 70}{space 3}  175.427
{txt}{space 13}8  {c |}{col 17}{res}{space 2}-91.47546{col 29}{space 2}  127.173{col 40}{space 1}   -0.72{col 49}{space 3}0.472{col 57}{space 4}-340.8722{col 70}{space 3} 157.9213
{txt}{space 13}9  {c |}{col 17}{res}{space 2} 82.40815{col 29}{space 2} 137.6081{col 40}{space 1}    0.60{col 49}{space 3}0.549{col 57}{space 4}-187.4526{col 70}{space 3} 352.2689
{txt}{space 12}10  {c |}{col 17}{res}{space 2}-99.81053{col 29}{space 2}  126.749{col 40}{space 1}   -0.79{col 49}{space 3}0.431{col 57}{space 4}-348.3758{col 70}{space 3} 148.7547
{txt}{space 12}15  {c |}{col 17}{res}{space 2}-85.53939{col 29}{space 2} 140.0648{col 40}{space 1}   -0.61{col 49}{space 3}0.541{col 57}{space 4} -360.218{col 70}{space 3} 189.1392
{txt}{space 12}16  {c |}{col 17}{res}{space 2}-254.8887{col 29}{space 2} 127.8203{col 40}{space 1}   -1.99{col 49}{space 3}0.046{col 57}{space 4}-505.5549{col 70}{space 3}-4.222483
{txt}{space 12}17  {c |}{col 17}{res}{space 2}-79.37062{col 29}{space 2} 124.3765{col 40}{space 1}   -0.64{col 49}{space 3}0.523{col 57}{space 4}-323.2832{col 70}{space 3}  164.542
{txt}{space 12}18  {c |}{col 17}{res}{space 2}-204.7484{col 29}{space 2} 126.3882{col 40}{space 1}   -1.62{col 49}{space 3}0.105{col 57}{space 4}-452.6061{col 70}{space 3} 43.10927
{txt}{space 12}19  {c |}{col 17}{res}{space 2}-164.8679{col 29}{space 2} 126.2733{col 40}{space 1}   -1.31{col 49}{space 3}0.192{col 57}{space 4}-412.5003{col 70}{space 3} 82.76451
{txt}{space 12}20  {c |}{col 17}{res}{space 2}-154.2585{col 29}{space 2} 124.5711{col 40}{space 1}   -1.24{col 49}{space 3}0.216{col 57}{space 4}-398.5527{col 70}{space 3} 90.03565
{txt}{space 12}23  {c |}{col 17}{res}{space 2}-206.9924{col 29}{space 2} 126.2753{col 40}{space 1}   -1.64{col 49}{space 3}0.101{col 57}{space 4}-454.6286{col 70}{space 3} 40.64384
{txt}{space 12}24  {c |}{col 17}{res}{space 2}-20.33053{col 29}{space 2} 128.9214{col 40}{space 1}   -0.16{col 49}{space 3}0.875{col 57}{space 4}-273.1559{col 70}{space 3} 232.4948
{txt}{space 12}25  {c |}{col 17}{res}{space 2} 4.597436{col 29}{space 2} 133.4047{col 40}{space 1}    0.03{col 49}{space 3}0.973{col 57}{space 4}-257.0201{col 70}{space 3}  266.215
{txt}{space 12}26  {c |}{col 17}{res}{space 2}-164.4103{col 29}{space 2} 128.6347{col 40}{space 1}   -1.28{col 49}{space 3}0.201{col 57}{space 4}-416.6736{col 70}{space 3} 87.85292
{txt}{space 12}27  {c |}{col 17}{res}{space 2}-91.31469{col 29}{space 2}  125.652{col 40}{space 1}   -0.73{col 49}{space 3}0.467{col 57}{space 4}-337.7286{col 70}{space 3} 155.0992
{txt}{space 12}29  {c |}{col 17}{res}{space 2}-175.3245{col 29}{space 2} 125.1615{col 40}{space 1}   -1.40{col 49}{space 3}0.161{col 57}{space 4}-420.7765{col 70}{space 3} 70.12751
{txt}{space 12}30  {c |}{col 17}{res}{space 2}-220.7742{col 29}{space 2} 128.7061{col 40}{space 1}   -1.72{col 49}{space 3}0.086{col 57}{space 4}-473.1774{col 70}{space 3} 31.62912
{txt}{space 12}32  {c |}{col 17}{res}{space 2}-122.9033{col 29}{space 2} 128.6084{col 40}{space 1}   -0.96{col 49}{space 3}0.339{col 57}{space 4}-375.1149{col 70}{space 3} 129.3084
{txt}{space 12}33  {c |}{col 17}{res}{space 2}-87.62629{col 29}{space 2} 129.1821{col 40}{space 1}   -0.68{col 49}{space 3}0.498{col 57}{space 4}-340.9629{col 70}{space 3} 165.7103
{txt}{space 12}34  {c |}{col 17}{res}{space 2} 19.78412{col 29}{space 2} 131.1121{col 40}{space 1}    0.15{col 49}{space 3}0.880{col 57}{space 4}-237.3375{col 70}{space 3} 276.9058
{txt}{space 12}35  {c |}{col 17}{res}{space 2}-251.6913{col 29}{space 2}  128.887{col 40}{space 1}   -1.95{col 49}{space 3}0.051{col 57}{space 4}-504.4492{col 70}{space 3} 1.066665
{txt}{space 12}36  {c |}{col 17}{res}{space 2}-18.96263{col 29}{space 2}  130.982{col 40}{space 1}   -0.14{col 49}{space 3}0.885{col 57}{space 4} -275.829{col 70}{space 3} 237.9037
{txt}{space 12}38  {c |}{col 17}{res}{space 2}-160.1015{col 29}{space 2} 142.4944{col 40}{space 1}   -1.12{col 49}{space 3}0.261{col 57}{space 4}-439.5447{col 70}{space 3} 119.3417
{txt}{space 12}39  {c |}{col 17}{res}{space 2}-172.3979{col 29}{space 2} 125.6525{col 40}{space 1}   -1.37{col 49}{space 3}0.170{col 57}{space 4}-418.8127{col 70}{space 3}   74.017
{txt}{space 12}41  {c |}{col 17}{res}{space 2}-177.5475{col 29}{space 2} 125.1628{col 40}{space 1}   -1.42{col 49}{space 3}0.156{col 57}{space 4}-423.0021{col 70}{space 3} 67.90702
{txt}{space 12}42  {c |}{col 17}{res}{space 2}-127.9613{col 29}{space 2} 124.2107{col 40}{space 1}   -1.03{col 49}{space 3}0.303{col 57}{space 4}-371.5486{col 70}{space 3} 115.6261
{txt}{space 12}44  {c |}{col 17}{res}{space 2}-124.2729{col 29}{space 2} 126.6681{col 40}{space 1}   -0.98{col 49}{space 3}0.327{col 57}{space 4}-372.6794{col 70}{space 3} 124.1336
{txt}{space 12}46  {c |}{col 17}{res}{space 2}-193.2457{col 29}{space 2} 130.5869{col 40}{space 1}   -1.48{col 49}{space 3}0.139{col 57}{space 4}-449.3373{col 70}{space 3} 62.84583
{txt}{space 12}49  {c |}{col 17}{res}{space 2}-253.3932{col 29}{space 2} 127.8393{col 40}{space 1}   -1.98{col 49}{space 3}0.048{col 57}{space 4}-504.0965{col 70}{space 3}-2.689846
{txt}{space 12}50  {c |}{col 17}{res}{space 2}-168.9595{col 29}{space 2} 127.2896{col 40}{space 1}   -1.33{col 49}{space 3}0.185{col 57}{space 4}-418.5847{col 70}{space 3} 80.66582
{txt}{space 12}53  {c |}{col 17}{res}{space 2}-96.98259{col 29}{space 2} 124.5178{col 40}{space 1}   -0.78{col 49}{space 3}0.436{col 57}{space 4}-341.1722{col 70}{space 3} 147.2071
{txt}{space 12}55  {c |}{col 17}{res}{space 2} -152.977{col 29}{space 2} 124.6548{col 40}{space 1}   -1.23{col 49}{space 3}0.220{col 57}{space 4}-397.4352{col 70}{space 3} 91.48118
{txt}{space 12}56  {c |}{col 17}{res}{space 2}-93.23736{col 29}{space 2} 140.4682{col 40}{space 1}   -0.66{col 49}{space 3}0.507{col 57}{space 4}-368.7071{col 70}{space 3} 182.2324
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1947  {c |}{col 17}{res}{space 2}-59.31761{col 29}{space 2} 95.48177{col 40}{space 1}   -0.62{col 49}{space 3}0.535{col 57}{space 4}-246.5652{col 70}{space 3}   127.93
{txt}{space 10}1948  {c |}{col 17}{res}{space 2} 392.4018{col 29}{space 2} 88.61263{col 40}{space 1}    4.43{col 49}{space 3}0.000{col 57}{space 4} 218.6252{col 70}{space 3} 566.1784
{txt}{space 10}1949  {c |}{col 17}{res}{space 2} 185.9806{col 29}{space 2} 105.0188{col 40}{space 1}    1.77{col 49}{space 3}0.077{col 57}{space 4}-19.96987{col 70}{space 3}  391.931
{txt}{space 10}1950  {c |}{col 17}{res}{space 2} 796.6199{col 29}{space 2} 90.33319{col 40}{space 1}    8.82{col 49}{space 3}0.000{col 57}{space 4} 619.4691{col 70}{space 3} 973.7707
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 518.2615{col 29}{space 2} 92.11059{col 40}{space 1}    5.63{col 49}{space 3}0.000{col 57}{space 4} 337.6251{col 70}{space 3} 698.8979
{txt}{space 10}1952  {c |}{col 17}{res}{space 2} 444.0247{col 29}{space 2} 87.10387{col 40}{space 1}    5.10{col 49}{space 3}0.000{col 57}{space 4} 273.2068{col 70}{space 3} 614.8425
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 494.4851{col 29}{space 2} 73.80209{col 40}{space 1}    6.70{col 49}{space 3}0.000{col 57}{space 4} 349.7531{col 70}{space 3}  639.217
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 274.3677{col 29}{space 2} 67.58785{col 40}{space 1}    4.06{col 49}{space 3}0.000{col 57}{space 4} 141.8224{col 70}{space 3} 406.9131
{txt}{space 10}1955  {c |}{col 17}{res}{space 2}  731.919{col 29}{space 2} 72.90442{col 40}{space 1}   10.04{col 49}{space 3}0.000{col 57}{space 4} 588.9474{col 70}{space 3} 874.8905
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 611.7058{col 29}{space 2} 73.20284{col 40}{space 1}    8.36{col 49}{space 3}0.000{col 57}{space 4}  468.149{col 70}{space 3} 755.2626
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 389.4266{col 29}{space 2} 85.77838{col 40}{space 1}    4.54{col 49}{space 3}0.000{col 57}{space 4} 221.2081{col 70}{space 3}  557.645
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 292.3022{col 29}{space 2} 75.67085{col 40}{space 1}    3.86{col 49}{space 3}0.000{col 57}{space 4} 143.9054{col 70}{space 3} 440.6989
{txt}{space 10}1959  {c |}{col 17}{res}{space 2} 591.6331{col 29}{space 2} 75.87675{col 40}{space 1}    7.80{col 49}{space 3}0.000{col 57}{space 4} 442.8325{col 70}{space 3} 740.4336
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 536.7554{col 29}{space 2} 75.34704{col 40}{space 1}    7.12{col 49}{space 3}0.000{col 57}{space 4} 388.9937{col 70}{space 3} 684.5171
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 457.3629{col 29}{space 2}  75.8175{col 40}{space 1}    6.03{col 49}{space 3}0.000{col 57}{space 4} 308.6785{col 70}{space 3} 606.0472
{txt}{space 10}1962  {c |}{col 17}{res}{space 2}  783.238{col 29}{space 2} 89.42535{col 40}{space 1}    8.76{col 49}{space 3}0.000{col 57}{space 4} 607.8675{col 70}{space 3} 958.6084
{txt}{space 10}1963  {c |}{col 17}{res}{space 2} 497.8719{col 29}{space 2} 73.88137{col 40}{space 1}    6.74{col 49}{space 3}0.000{col 57}{space 4} 352.9845{col 70}{space 3} 642.7593
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 693.6622{col 29}{space 2} 71.69918{col 40}{space 1}    9.67{col 49}{space 3}0.000{col 57}{space 4} 553.0543{col 70}{space 3} 834.2702
{txt}{space 10}1965  {c |}{col 17}{res}{space 2} 903.2262{col 29}{space 2} 73.23427{col 40}{space 1}   12.33{col 49}{space 3}0.000{col 57}{space 4} 759.6078{col 70}{space 3} 1046.845
{txt}{space 10}1966  {c |}{col 17}{res}{space 2} 747.4158{col 29}{space 2} 76.25823{col 40}{space 1}    9.80{col 49}{space 3}0.000{col 57}{space 4} 597.8672{col 70}{space 3} 896.9645
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 693.6733{col 29}{space 2} 69.35748{col 40}{space 1}   10.00{col 49}{space 3}0.000{col 57}{space 4} 557.6576{col 70}{space 3}  829.689
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 822.2442{col 29}{space 2} 66.67692{col 40}{space 1}   12.33{col 49}{space 3}0.000{col 57}{space 4} 691.4853{col 70}{space 3} 953.0031
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 829.4717{col 29}{space 2} 76.34579{col 40}{space 1}   10.86{col 49}{space 3}0.000{col 57}{space 4} 679.7514{col 70}{space 3} 979.1921
{txt}{space 10}1970  {c |}{col 17}{res}{space 2} 582.9871{col 29}{space 2} 79.29858{col 40}{space 1}    7.35{col 49}{space 3}0.000{col 57}{space 4} 427.4761{col 70}{space 3} 738.4982
{txt}{space 10}1971  {c |}{col 17}{res}{space 2} 727.9132{col 29}{space 2} 72.71442{col 40}{space 1}   10.01{col 49}{space 3}0.000{col 57}{space 4} 585.3143{col 70}{space 3} 870.5122
{txt}{space 10}1972  {c |}{col 17}{res}{space 2}  1108.16{col 29}{space 2} 78.01903{col 40}{space 1}   14.20{col 49}{space 3}0.000{col 57}{space 4} 955.1586{col 70}{space 3} 1261.162
{txt}{space 10}1973  {c |}{col 17}{res}{space 2} 1156.035{col 29}{space 2} 135.4009{col 40}{space 1}    8.54{col 49}{space 3}0.000{col 57}{space 4} 890.5032{col 70}{space 3} 1421.568
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 267.9805{col 29}{space 2} 97.57456{col 40}{space 1}    2.75{col 49}{space 3}0.006{col 57}{space 4} 76.62876{col 70}{space 3} 459.3322
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 532.1838{col 29}{space 2} 129.1916{col 40}{space 1}    4.12{col 49}{space 3}0.000{col 57}{space 4} 278.8285{col 70}{space 3} 785.5391
{txt}{space 10}1976  {c |}{col 17}{res}{space 2}  970.469{col 29}{space 2}  86.0409{col 40}{space 1}   11.28{col 49}{space 3}0.000{col 57}{space 4} 801.7358{col 70}{space 3} 1139.202
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 819.0395{col 29}{space 2}   115.94{col 40}{space 1}    7.06{col 49}{space 3}0.000{col 57}{space 4} 591.6716{col 70}{space 3} 1046.407
{txt}{space 10}1978  {c |}{col 17}{res}{space 2}  994.833{col 29}{space 2} 128.8389{col 40}{space 1}    7.72{col 49}{space 3}0.000{col 57}{space 4} 742.1693{col 70}{space 3} 1247.497
{txt}{space 10}1979  {c |}{col 17}{res}{space 2} 459.4871{col 29}{space 2}  86.0736{col 40}{space 1}    5.34{col 49}{space 3}0.000{col 57}{space 4} 290.6897{col 70}{space 3} 628.2845
{txt}{space 10}1980  {c |}{col 17}{res}{space 2} 208.5168{col 29}{space 2} 91.69907{col 40}{space 1}    2.27{col 49}{space 3}0.023{col 57}{space 4} 28.68745{col 70}{space 3} 388.3462
{txt}{space 10}1981  {c |}{col 17}{res}{space 2} 730.3543{col 29}{space 2} 100.5387{col 40}{space 1}    7.26{col 49}{space 3}0.000{col 57}{space 4} 533.1896{col 70}{space 3} 927.5189
{txt}{space 10}1982  {c |}{col 17}{res}{space 2} 623.5136{col 29}{space 2} 100.1336{col 40}{space 1}    6.23{col 49}{space 3}0.000{col 57}{space 4} 427.1434{col 70}{space 3} 819.8838
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} 803.4962{col 29}{space 2} 104.6454{col 40}{space 1}    7.68{col 49}{space 3}0.000{col 57}{space 4} 598.2779{col 70}{space 3} 1008.714
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} 1163.086{col 29}{space 2}  90.9768{col 40}{space 1}   12.78{col 49}{space 3}0.000{col 57}{space 4} 984.6726{col 70}{space 3} 1341.499
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 839.0721{col 29}{space 2} 101.2961{col 40}{space 1}    8.28{col 49}{space 3}0.000{col 57}{space 4}  640.422{col 70}{space 3} 1037.722
{txt}{space 10}1986  {c |}{col 17}{res}{space 2} 962.7962{col 29}{space 2} 88.15322{col 40}{space 1}   10.92{col 49}{space 3}0.000{col 57}{space 4} 789.9205{col 70}{space 3} 1135.672
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} 825.0563{col 29}{space 2} 88.10869{col 40}{space 1}    9.36{col 49}{space 3}0.000{col 57}{space 4}  652.268{col 70}{space 3} 997.8447
{txt}{space 10}1988  {c |}{col 17}{res}{space 2}  903.865{col 29}{space 2} 105.6695{col 40}{space 1}    8.55{col 49}{space 3}0.000{col 57}{space 4} 696.6384{col 70}{space 3} 1111.092
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} 1004.199{col 29}{space 2} 100.8519{col 40}{space 1}    9.96{col 49}{space 3}0.000{col 57}{space 4} 806.4205{col 70}{space 3} 1201.978
{txt}{space 10}1990  {c |}{col 17}{res}{space 2} 594.3316{col 29}{space 2} 108.1872{col 40}{space 1}    5.49{col 49}{space 3}0.000{col 57}{space 4} 382.1676{col 70}{space 3} 806.4956
{txt}{space 10}1991  {c |}{col 17}{res}{space 2} 474.5629{col 29}{space 2} 97.88467{col 40}{space 1}    4.85{col 49}{space 3}0.000{col 57}{space 4}  282.603{col 70}{space 3} 666.5227
{txt}{space 10}1992  {c |}{col 17}{res}{space 2}  991.341{col 29}{space 2} 94.61539{col 40}{space 1}   10.48{col 49}{space 3}0.000{col 57}{space 4} 805.7924{col 70}{space 3}  1176.89
{txt}{space 10}1993  {c |}{col 17}{res}{space 2}  674.312{col 29}{space 2} 109.7187{col 40}{space 1}    6.15{col 49}{space 3}0.000{col 57}{space 4} 459.1446{col 70}{space 3} 889.4794
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} 927.9875{col 29}{space 2}  111.914{col 40}{space 1}    8.29{col 49}{space 3}0.000{col 57}{space 4}  708.515{col 70}{space 3}  1147.46
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 845.7004{col 29}{space 2}  102.184{col 40}{space 1}    8.28{col 49}{space 3}0.000{col 57}{space 4} 645.3092{col 70}{space 3} 1046.092
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} 1025.325{col 29}{space 2} 112.4679{col 40}{space 1}    9.12{col 49}{space 3}0.000{col 57}{space 4}  804.766{col 70}{space 3} 1245.884
{txt}{space 10}1997  {c |}{col 17}{res}{space 2} 1022.095{col 29}{space 2} 106.8625{col 40}{space 1}    9.56{col 49}{space 3}0.000{col 57}{space 4} 812.5286{col 70}{space 3} 1231.661
{txt}{space 10}1998  {c |}{col 17}{res}{space 2} 1438.866{col 29}{space 2} 111.6305{col 40}{space 1}   12.89{col 49}{space 3}0.000{col 57}{space 4} 1219.949{col 70}{space 3} 1657.782
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 966.6517{col 29}{space 2}  119.451{col 40}{space 1}    8.09{col 49}{space 3}0.000{col 57}{space 4} 732.3986{col 70}{space 3} 1200.905
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 1319.455{col 29}{space 2} 114.5809{col 40}{space 1}   11.52{col 49}{space 3}0.000{col 57}{space 4} 1094.753{col 70}{space 3} 1544.158
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} 873.1993{col 29}{space 2} 122.1754{col 40}{space 1}    7.15{col 49}{space 3}0.000{col 57}{space 4} 633.6033{col 70}{space 3} 1112.795
{txt}{space 10}2002  {c |}{col 17}{res}{space 2} 744.9382{col 29}{space 2} 123.3917{col 40}{space 1}    6.04{col 49}{space 3}0.000{col 57}{space 4}  502.957{col 70}{space 3} 986.9194
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 936.4216{col 29}{space 2} 123.6738{col 40}{space 1}    7.57{col 49}{space 3}0.000{col 57}{space 4} 693.8872{col 70}{space 3} 1178.956
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 1205.882{col 29}{space 2} 126.5946{col 40}{space 1}    9.53{col 49}{space 3}0.000{col 57}{space 4} 957.6194{col 70}{space 3} 1454.144
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 901.6595{col 29}{space 2}  139.261{col 40}{space 1}    6.47{col 49}{space 3}0.000{col 57}{space 4} 628.5571{col 70}{space 3} 1174.762
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 1345.225{col 29}{space 2} 141.1355{col 40}{space 1}    9.53{col 49}{space 3}0.000{col 57}{space 4} 1068.447{col 70}{space 3} 1622.003
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} 1208.687{col 29}{space 2} 137.1798{col 40}{space 1}    8.81{col 49}{space 3}0.000{col 57}{space 4} 939.6665{col 70}{space 3} 1477.708
{txt}{space 10}2008  {c |}{col 17}{res}{space 2} 903.2536{col 29}{space 2} 160.9282{col 40}{space 1}    5.61{col 49}{space 3}0.000{col 57}{space 4} 587.6601{col 70}{space 3} 1218.847
{txt}{space 10}2009  {c |}{col 17}{res}{space 2} 30.86317{col 29}{space 2} 141.4929{col 40}{space 1}    0.22{col 49}{space 3}0.827{col 57}{space 4} -246.616{col 70}{space 3} 308.3423
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} 1127.021{col 29}{space 2} 133.5206{col 40}{space 1}    8.44{col 49}{space 3}0.000{col 57}{space 4} 865.1758{col 70}{space 3} 1388.865
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 58.86954{col 29}{space 2} 168.0257{col 40}{space 1}    0.35{col 49}{space 3}0.726{col 57}{space 4}-270.6426{col 70}{space 3} 388.3816
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallfull if nonsouth==1
{txt}(option xb assumed; fitted values)
(1,109 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,  2123) ={res}   18.46
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,  2123) ={res}    9.30
{txt}{col 13}Prob > F ={res}    0.0001
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2600176{col 26}{space 2} 1.273468{col 37}{space 1}   -0.20{col 46}{space 3}0.838{col 54}{space 4}-2.757393{col 67}{space 3} 2.237357
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-4.747177{col 26}{space 2} 9.570665{col 37}{space 1}   -0.50{col 46}{space 3}0.620{col 54}{space 4}-23.50534{col 67}{space 3} 14.01098
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
.  
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. qui reg d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  l4.d.klarnerranney l3.d.real_pc_inc_ann   i.state_fips i.year if nonsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     2,196{col 27}-8271.919{col 38}-7970.128{col 49}   108{col 58} 16156.26{col 69} 16771.25
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  l4.d.klarnerranney l3.d.real_pc_inc_ann   i.state_fips i.year if nonsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     2,196
{txt}maximum lag: {res}8{col 49}{txt}F(107,      2088){col 67}= {res}      3.58
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}D.klarnerranney{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.1550421{col 29}{space 2} .0169123{col 40}{space 1}   -9.17{col 49}{space 3}0.000{col 57}{space 4}-.1882089{col 70}{space 3}-.1218753
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0001294{col 29}{space 2} .0002329{col 40}{space 1}   -0.56{col 49}{space 3}0.579{col 57}{space 4}-.0005861{col 70}{space 3} .0003273
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}  .060911{col 29}{space 2} .0129204{col 40}{space 1}    4.71{col 49}{space 3}0.000{col 57}{space 4} .0355728{col 70}{space 3} .0862491
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.0019192{col 29}{space 2}  .000785{col 40}{space 1}   -2.44{col 49}{space 3}0.015{col 57}{space 4}-.0034586{col 70}{space 3}-.0003797
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.2306001{col 29}{space 2} .0404058{col 40}{space 1}   -5.71{col 49}{space 3}0.000{col 57}{space 4}-.3098399{col 70}{space 3}-.1513603
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-.0002091{col 29}{space 2} .0008099{col 40}{space 1}   -0.26{col 49}{space 3}0.796{col 57}{space 4}-.0017974{col 70}{space 3} .0013792
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .0200971{col 29}{space 2} .0104475{col 40}{space 1}    1.92{col 49}{space 3}0.055{col 57}{space 4}-.0003915{col 70}{space 3} .0405856
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0003639{col 29}{space 2} .0008813{col 40}{space 1}    0.41{col 49}{space 3}0.680{col 57}{space 4}-.0013643{col 70}{space 3} .0020921
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L4D. {c |}{col 17}{res}{space 2}-.1076461{col 29}{space 2} .0369753{col 40}{space 1}   -2.91{col 49}{space 3}0.004{col 57}{space 4}-.1801583{col 70}{space 3}-.0351339
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0007615{col 29}{space 2} .0009709{col 40}{space 1}   -0.78{col 49}{space 3}0.433{col 57}{space 4}-.0026654{col 70}{space 3} .0011425
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}4  {c |}{col 17}{res}{space 2} -2.04514{col 29}{space 2} 2.201881{col 40}{space 1}   -0.93{col 49}{space 3}0.353{col 57}{space 4}-6.363251{col 70}{space 3} 2.272972
{txt}{space 13}6  {c |}{col 17}{res}{space 2}-1.101109{col 29}{space 2} 1.732411{col 40}{space 1}   -0.64{col 49}{space 3}0.525{col 57}{space 4}-4.498542{col 70}{space 3} 2.296323
{txt}{space 13}8  {c |}{col 17}{res}{space 2}-.1138556{col 29}{space 2} 1.945395{col 40}{space 1}   -0.06{col 49}{space 3}0.953{col 57}{space 4}-3.928971{col 70}{space 3}  3.70126
{txt}{space 13}9  {c |}{col 17}{res}{space 2}-1.372311{col 29}{space 2} 1.815347{col 40}{space 1}   -0.76{col 49}{space 3}0.450{col 57}{space 4}-4.932391{col 70}{space 3} 2.187768
{txt}{space 12}10  {c |}{col 17}{res}{space 2}-.4408876{col 29}{space 2} 1.914916{col 40}{space 1}   -0.23{col 49}{space 3}0.818{col 57}{space 4}-4.196232{col 70}{space 3} 3.314456
{txt}{space 12}15  {c |}{col 17}{res}{space 2}-7.859643{col 29}{space 2} 2.118288{col 40}{space 1}   -3.71{col 49}{space 3}0.000{col 57}{space 4}-12.01382{col 70}{space 3}-3.705466
{txt}{space 12}16  {c |}{col 17}{res}{space 2}-4.441509{col 29}{space 2} 2.549894{col 40}{space 1}   -1.74{col 49}{space 3}0.082{col 57}{space 4}-9.442108{col 70}{space 3} .5590902
{txt}{space 12}17  {c |}{col 17}{res}{space 2} .5522519{col 29}{space 2} 1.694499{col 40}{space 1}    0.33{col 49}{space 3}0.745{col 57}{space 4}-2.770831{col 70}{space 3} 3.875335
{txt}{space 12}18  {c |}{col 17}{res}{space 2}-.9210748{col 29}{space 2} 2.096524{col 40}{space 1}   -0.44{col 49}{space 3}0.660{col 57}{space 4}-5.032571{col 70}{space 3} 3.190421
{txt}{space 12}19  {c |}{col 17}{res}{space 2} -1.32744{col 29}{space 2} 2.153407{col 40}{space 1}   -0.62{col 49}{space 3}0.538{col 57}{space 4}-5.550489{col 70}{space 3} 2.895609
{txt}{space 12}20  {c |}{col 17}{res}{space 2}-2.868936{col 29}{space 2} 2.107112{col 40}{space 1}   -1.36{col 49}{space 3}0.173{col 57}{space 4}-7.001195{col 70}{space 3} 1.263324
{txt}{space 12}23  {c |}{col 17}{res}{space 2}-1.171237{col 29}{space 2} 2.321414{col 40}{space 1}   -0.50{col 49}{space 3}0.614{col 57}{space 4}-5.723763{col 70}{space 3} 3.381289
{txt}{space 12}24  {c |}{col 17}{res}{space 2}-6.242478{col 29}{space 2} 2.234794{col 40}{space 1}   -2.79{col 49}{space 3}0.005{col 57}{space 4}-10.62513{col 70}{space 3}-1.859822
{txt}{space 12}25  {c |}{col 17}{res}{space 2}-5.509225{col 29}{space 2} 2.215031{col 40}{space 1}   -2.49{col 49}{space 3}0.013{col 57}{space 4}-9.853123{col 70}{space 3}-1.165326
{txt}{space 12}26  {c |}{col 17}{res}{space 2}-.2900065{col 29}{space 2} 1.928632{col 40}{space 1}   -0.15{col 49}{space 3}0.880{col 57}{space 4}-4.072249{col 70}{space 3} 3.492236
{txt}{space 12}27  {c |}{col 17}{res}{space 2} -1.18618{col 29}{space 2} 1.989472{col 40}{space 1}   -0.60{col 49}{space 3}0.551{col 57}{space 4}-5.087736{col 70}{space 3} 2.715375
{txt}{space 12}29  {c |}{col 17}{res}{space 2}-2.440559{col 29}{space 2} 2.143307{col 40}{space 1}   -1.14{col 49}{space 3}0.255{col 57}{space 4}  -6.6438{col 70}{space 3} 1.762681
{txt}{space 12}30  {c |}{col 17}{res}{space 2}-.0829537{col 29}{space 2} 2.168179{col 40}{space 1}   -0.04{col 49}{space 3}0.969{col 57}{space 4}-4.334972{col 70}{space 3} 4.169064
{txt}{space 12}32  {c |}{col 17}{res}{space 2}-.4215792{col 29}{space 2} 2.173466{col 40}{space 1}   -0.19{col 49}{space 3}0.846{col 57}{space 4}-4.683965{col 70}{space 3} 3.840806
{txt}{space 12}33  {c |}{col 17}{res}{space 2}-2.716748{col 29}{space 2} 1.958068{col 40}{space 1}   -1.39{col 49}{space 3}0.165{col 57}{space 4}-6.556716{col 70}{space 3}  1.12322
{txt}{space 12}34  {c |}{col 17}{res}{space 2}-.7220591{col 29}{space 2} 1.922535{col 40}{space 1}   -0.38{col 49}{space 3}0.707{col 57}{space 4}-4.492344{col 70}{space 3} 3.048226
{txt}{space 12}35  {c |}{col 17}{res}{space 2}-3.249765{col 29}{space 2} 2.640805{col 40}{space 1}   -1.23{col 49}{space 3}0.219{col 57}{space 4} -8.42865{col 70}{space 3} 1.929119
{txt}{space 12}36  {c |}{col 17}{res}{space 2} .7830082{col 29}{space 2} 1.627975{col 40}{space 1}    0.48{col 49}{space 3}0.631{col 57}{space 4}-2.409616{col 70}{space 3} 3.975632
{txt}{space 12}38  {c |}{col 17}{res}{space 2} -3.59888{col 29}{space 2} 2.654617{col 40}{space 1}   -1.36{col 49}{space 3}0.175{col 57}{space 4}-8.804852{col 70}{space 3} 1.607092
{txt}{space 12}39  {c |}{col 17}{res}{space 2}-1.237987{col 29}{space 2} 1.976152{col 40}{space 1}   -0.63{col 49}{space 3}0.531{col 57}{space 4} -5.11342{col 70}{space 3} 2.637446
{txt}{space 12}41  {c |}{col 17}{res}{space 2}-.4935301{col 29}{space 2} 2.076326{col 40}{space 1}   -0.24{col 49}{space 3}0.812{col 57}{space 4}-4.565415{col 70}{space 3} 3.578355
{txt}{space 12}42  {c |}{col 17}{res}{space 2} .6596091{col 29}{space 2} 1.872235{col 40}{space 1}    0.35{col 49}{space 3}0.725{col 57}{space 4}-3.012032{col 70}{space 3}  4.33125
{txt}{space 12}44  {c |}{col 17}{res}{space 2} -6.52591{col 29}{space 2} 2.356727{col 40}{space 1}   -2.77{col 49}{space 3}0.006{col 57}{space 4}-11.14769{col 70}{space 3}-1.904131
{txt}{space 12}46  {c |}{col 17}{res}{space 2}-3.459946{col 29}{space 2} 2.485389{col 40}{space 1}   -1.39{col 49}{space 3}0.164{col 57}{space 4}-8.334044{col 70}{space 3} 1.414152
{txt}{space 12}49  {c |}{col 17}{res}{space 2}-3.070803{col 29}{space 2} 2.725996{col 40}{space 1}   -1.13{col 49}{space 3}0.260{col 57}{space 4}-8.416756{col 70}{space 3} 2.275151
{txt}{space 12}50  {c |}{col 17}{res}{space 2}-2.539742{col 29}{space 2} 2.331574{col 40}{space 1}   -1.09{col 49}{space 3}0.276{col 57}{space 4}-7.112193{col 70}{space 3}  2.03271
{txt}{space 12}53  {c |}{col 17}{res}{space 2} .2580509{col 29}{space 2} 1.941372{col 40}{space 1}    0.13{col 49}{space 3}0.894{col 57}{space 4}-3.549175{col 70}{space 3} 4.065277
{txt}{space 12}55  {c |}{col 17}{res}{space 2}-.2960317{col 29}{space 2} 1.943161{col 40}{space 1}   -0.15{col 49}{space 3}0.879{col 57}{space 4}-4.106766{col 70}{space 3} 3.514702
{txt}{space 12}56  {c |}{col 17}{res}{space 2}-3.221562{col 29}{space 2} 2.042978{col 40}{space 1}   -1.58{col 49}{space 3}0.115{col 57}{space 4}-7.228047{col 70}{space 3} .7849234
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1948  {c |}{col 17}{res}{space 2} 8.492043{col 29}{space 2} 2.981763{col 40}{space 1}    2.85{col 49}{space 3}0.004{col 57}{space 4} 2.644505{col 70}{space 3} 14.33958
{txt}{space 10}1949  {c |}{col 17}{res}{space 2} 25.53564{col 29}{space 2} 5.057203{col 40}{space 1}    5.05{col 49}{space 3}0.000{col 57}{space 4} 15.61795{col 70}{space 3} 35.45332
{txt}{space 10}1950  {c |}{col 17}{res}{space 2} 11.03431{col 29}{space 2} 3.275107{col 40}{space 1}    3.37{col 49}{space 3}0.001{col 57}{space 4} 4.611496{col 70}{space 3} 17.45712
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 8.213366{col 29}{space 2} 3.472818{col 40}{space 1}    2.37{col 49}{space 3}0.018{col 57}{space 4}  1.40282{col 70}{space 3} 15.02391
{txt}{space 10}1952  {c |}{col 17}{res}{space 2} 9.624888{col 29}{space 2}  3.21316{col 40}{space 1}    3.00{col 49}{space 3}0.003{col 57}{space 4} 3.323556{col 70}{space 3} 15.92622
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 7.459038{col 29}{space 2} 4.207432{col 40}{space 1}    1.77{col 49}{space 3}0.076{col 57}{space 4} -.792161{col 70}{space 3} 15.71024
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 9.712586{col 29}{space 2} 3.171352{col 40}{space 1}    3.06{col 49}{space 3}0.002{col 57}{space 4} 3.493244{col 70}{space 3} 15.93193
{txt}{space 10}1955  {c |}{col 17}{res}{space 2} 16.90018{col 29}{space 2} 4.161832{col 40}{space 1}    4.06{col 49}{space 3}0.000{col 57}{space 4} 8.738412{col 70}{space 3} 25.06196
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 11.45136{col 29}{space 2} 3.314073{col 40}{space 1}    3.46{col 49}{space 3}0.001{col 57}{space 4} 4.952129{col 70}{space 3} 17.95059
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 15.91018{col 29}{space 2} 4.350866{col 40}{space 1}    3.66{col 49}{space 3}0.000{col 57}{space 4} 7.377698{col 70}{space 3} 24.44267
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 11.93468{col 29}{space 2} 3.310321{col 40}{space 1}    3.61{col 49}{space 3}0.000{col 57}{space 4} 5.442804{col 70}{space 3} 18.42655
{txt}{space 10}1959  {c |}{col 17}{res}{space 2}  15.8986{col 29}{space 2} 4.564649{col 40}{space 1}    3.48{col 49}{space 3}0.001{col 57}{space 4}  6.94686{col 70}{space 3} 24.85033
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 12.50473{col 29}{space 2} 3.307277{col 40}{space 1}    3.78{col 49}{space 3}0.000{col 57}{space 4} 6.018829{col 70}{space 3} 18.99064
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 11.96755{col 29}{space 2} 4.059634{col 40}{space 1}    2.95{col 49}{space 3}0.003{col 57}{space 4} 4.006199{col 70}{space 3}  19.9289
{txt}{space 10}1962  {c |}{col 17}{res}{space 2} 12.51705{col 29}{space 2} 3.282175{col 40}{space 1}    3.81{col 49}{space 3}0.000{col 57}{space 4} 6.080375{col 70}{space 3} 18.95373
{txt}{space 10}1963  {c |}{col 17}{res}{space 2} 12.07074{col 29}{space 2} 3.599548{col 40}{space 1}    3.35{col 49}{space 3}0.001{col 57}{space 4} 5.011665{col 70}{space 3} 19.12982
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 12.07944{col 29}{space 2} 3.290443{col 40}{space 1}    3.67{col 49}{space 3}0.000{col 57}{space 4} 5.626546{col 70}{space 3} 18.53233
{txt}{space 10}1965  {c |}{col 17}{res}{space 2} 15.17797{col 29}{space 2} 4.124237{col 40}{space 1}    3.68{col 49}{space 3}0.000{col 57}{space 4} 7.089926{col 70}{space 3} 23.26601
{txt}{space 10}1966  {c |}{col 17}{res}{space 2} 12.68453{col 29}{space 2} 3.410574{col 40}{space 1}    3.72{col 49}{space 3}0.000{col 57}{space 4} 5.996048{col 70}{space 3} 19.37301
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 14.89115{col 29}{space 2} 5.111891{col 40}{space 1}    2.91{col 49}{space 3}0.004{col 57}{space 4} 4.866217{col 70}{space 3} 24.91609
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 12.85366{col 29}{space 2} 3.387398{col 40}{space 1}    3.79{col 49}{space 3}0.000{col 57}{space 4} 6.210629{col 70}{space 3} 19.49669
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 12.46425{col 29}{space 2} 3.968471{col 40}{space 1}    3.14{col 49}{space 3}0.002{col 57}{space 4} 4.681677{col 70}{space 3} 20.24682
{txt}{space 10}1970  {c |}{col 17}{res}{space 2} 12.18912{col 29}{space 2} 3.348552{col 40}{space 1}    3.64{col 49}{space 3}0.000{col 57}{space 4} 5.622274{col 70}{space 3} 18.75597
{txt}{space 10}1971  {c |}{col 17}{res}{space 2}  18.1329{col 29}{space 2}  3.86717{col 40}{space 1}    4.69{col 49}{space 3}0.000{col 57}{space 4} 10.54899{col 70}{space 3} 25.71681
{txt}{space 10}1972  {c |}{col 17}{res}{space 2} 15.44149{col 29}{space 2} 3.548152{col 40}{space 1}    4.35{col 49}{space 3}0.000{col 57}{space 4} 8.483203{col 70}{space 3} 22.39977
{txt}{space 10}1973  {c |}{col 17}{res}{space 2} 14.27595{col 29}{space 2} 4.154937{col 40}{space 1}    3.44{col 49}{space 3}0.001{col 57}{space 4} 6.127705{col 70}{space 3}  22.4242
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 12.14825{col 29}{space 2} 3.624177{col 40}{space 1}    3.35{col 49}{space 3}0.001{col 57}{space 4} 5.040875{col 70}{space 3} 19.25563
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 10.09215{col 29}{space 2} 4.606038{col 40}{space 1}    2.19{col 49}{space 3}0.029{col 57}{space 4} 1.059242{col 70}{space 3} 19.12505
{txt}{space 10}1976  {c |}{col 17}{res}{space 2} 14.11566{col 29}{space 2} 3.568941{col 40}{space 1}    3.96{col 49}{space 3}0.000{col 57}{space 4} 7.116603{col 70}{space 3} 21.11471
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 11.82056{col 29}{space 2} 4.116775{col 40}{space 1}    2.87{col 49}{space 3}0.004{col 57}{space 4} 3.747146{col 70}{space 3} 19.89397
{txt}{space 10}1978  {c |}{col 17}{res}{space 2} 13.58713{col 29}{space 2} 3.599733{col 40}{space 1}    3.77{col 49}{space 3}0.000{col 57}{space 4} 6.527686{col 70}{space 3} 20.64657
{txt}{space 10}1979  {c |}{col 17}{res}{space 2} 12.76262{col 29}{space 2} 3.854543{col 40}{space 1}    3.31{col 49}{space 3}0.001{col 57}{space 4} 5.203472{col 70}{space 3} 20.32177
{txt}{space 10}1980  {c |}{col 17}{res}{space 2}  12.3541{col 29}{space 2} 3.529159{col 40}{space 1}    3.50{col 49}{space 3}0.000{col 57}{space 4} 5.433064{col 70}{space 3} 19.27514
{txt}{space 10}1981  {c |}{col 17}{res}{space 2} 14.17936{col 29}{space 2} 3.969862{col 40}{space 1}    3.57{col 49}{space 3}0.000{col 57}{space 4} 6.394061{col 70}{space 3} 21.96466
{txt}{space 10}1982  {c |}{col 17}{res}{space 2} 13.37562{col 29}{space 2} 3.651698{col 40}{space 1}    3.66{col 49}{space 3}0.000{col 57}{space 4} 6.214276{col 70}{space 3} 20.53697
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} 13.07747{col 29}{space 2} 4.058429{col 40}{space 1}    3.22{col 49}{space 3}0.001{col 57}{space 4} 5.118479{col 70}{space 3} 21.03646
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} 14.18489{col 29}{space 2} 3.650522{col 40}{space 1}    3.89{col 49}{space 3}0.000{col 57}{space 4} 7.025846{col 70}{space 3} 21.34393
{txt}{space 10}1985  {c |}{col 17}{res}{space 2}   14.738{col 29}{space 2} 3.977756{col 40}{space 1}    3.71{col 49}{space 3}0.000{col 57}{space 4} 6.937223{col 70}{space 3} 22.53878
{txt}{space 10}1986  {c |}{col 17}{res}{space 2}  14.0365{col 29}{space 2} 3.625281{col 40}{space 1}    3.87{col 49}{space 3}0.000{col 57}{space 4} 6.926959{col 70}{space 3} 21.14604
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} 16.23893{col 29}{space 2} 3.803794{col 40}{space 1}    4.27{col 49}{space 3}0.000{col 57}{space 4} 8.779303{col 70}{space 3} 23.69855
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} 14.03247{col 29}{space 2} 3.683884{col 40}{space 1}    3.81{col 49}{space 3}0.000{col 57}{space 4} 6.808004{col 70}{space 3} 21.25694
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} 16.00615{col 29}{space 2} 3.898601{col 40}{space 1}    4.11{col 49}{space 3}0.000{col 57}{space 4} 8.360596{col 70}{space 3}  23.6517
{txt}{space 10}1990  {c |}{col 17}{res}{space 2} 13.64622{col 29}{space 2} 3.738215{col 40}{space 1}    3.65{col 49}{space 3}0.000{col 57}{space 4} 6.315198{col 70}{space 3} 20.97723
{txt}{space 10}1991  {c |}{col 17}{res}{space 2} 15.64909{col 29}{space 2} 4.043547{col 40}{space 1}    3.87{col 49}{space 3}0.000{col 57}{space 4} 7.719286{col 70}{space 3} 23.57889
{txt}{space 10}1992  {c |}{col 17}{res}{space 2} 14.19513{col 29}{space 2} 3.847635{col 40}{space 1}    3.69{col 49}{space 3}0.000{col 57}{space 4} 6.649534{col 70}{space 3} 21.74073
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} 14.26764{col 29}{space 2}  4.16672{col 40}{space 1}    3.42{col 49}{space 3}0.001{col 57}{space 4} 6.096285{col 70}{space 3}   22.439
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} 14.57777{col 29}{space 2}  3.88436{col 40}{space 1}    3.75{col 49}{space 3}0.000{col 57}{space 4} 6.960149{col 70}{space 3} 22.19539
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 11.17187{col 29}{space 2} 4.379998{col 40}{space 1}    2.55{col 49}{space 3}0.011{col 57}{space 4} 2.582256{col 70}{space 3} 19.76149
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} 14.55434{col 29}{space 2} 3.891194{col 40}{space 1}    3.74{col 49}{space 3}0.000{col 57}{space 4} 6.923315{col 70}{space 3} 22.18536
{txt}{space 10}1997  {c |}{col 17}{res}{space 2} 12.87094{col 29}{space 2} 4.198395{col 40}{space 1}    3.07{col 49}{space 3}0.002{col 57}{space 4} 4.637469{col 70}{space 3} 21.10442
{txt}{space 10}1998  {c |}{col 17}{res}{space 2} 15.40309{col 29}{space 2} 4.042803{col 40}{space 1}    3.81{col 49}{space 3}0.000{col 57}{space 4}  7.47475{col 70}{space 3} 23.33144
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 14.67025{col 29}{space 2} 4.177799{col 40}{space 1}    3.51{col 49}{space 3}0.000{col 57}{space 4} 6.477164{col 70}{space 3} 22.86333
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 15.47488{col 29}{space 2} 4.097058{col 40}{space 1}    3.78{col 49}{space 3}0.000{col 57}{space 4} 7.440133{col 70}{space 3} 23.50962
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} 14.28004{col 29}{space 2} 4.225758{col 40}{space 1}    3.38{col 49}{space 3}0.001{col 57}{space 4} 5.992906{col 70}{space 3} 22.56718
{txt}{space 10}2002  {c |}{col 17}{res}{space 2} 14.54244{col 29}{space 2} 4.148025{col 40}{space 1}    3.51{col 49}{space 3}0.000{col 57}{space 4} 6.407746{col 70}{space 3} 22.67714
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 12.77754{col 29}{space 2}  4.24994{col 40}{space 1}    3.01{col 49}{space 3}0.003{col 57}{space 4} 4.442979{col 70}{space 3}  21.1121
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 14.77299{col 29}{space 2} 4.282022{col 40}{space 1}    3.45{col 49}{space 3}0.001{col 57}{space 4}  6.37551{col 70}{space 3} 23.17047
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 12.64189{col 29}{space 2} 4.358411{col 40}{space 1}    2.90{col 49}{space 3}0.004{col 57}{space 4} 4.094608{col 70}{space 3} 21.18917
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 14.75385{col 29}{space 2} 4.299973{col 40}{space 1}    3.43{col 49}{space 3}0.001{col 57}{space 4} 6.321169{col 70}{space 3} 23.18653
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} 14.34804{col 29}{space 2} 4.555963{col 40}{space 1}    3.15{col 49}{space 3}0.002{col 57}{space 4} 5.413335{col 70}{space 3} 23.28274
{txt}{space 10}2008  {c |}{col 17}{res}{space 2} 13.89314{col 29}{space 2}  4.38824{col 40}{space 1}    3.17{col 49}{space 3}0.002{col 57}{space 4} 5.287362{col 70}{space 3} 22.49892
{txt}{space 10}2009  {c |}{col 17}{res}{space 2} 9.726589{col 29}{space 2} 4.465742{col 40}{space 1}    2.18{col 49}{space 3}0.030{col 57}{space 4} .9688177{col 70}{space 3} 18.48436
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} 9.195873{col 29}{space 2} 5.056745{col 40}{space 1}    1.82{col 49}{space 3}0.069{col 57}{space 4}-.7209136{col 70}{space 3} 19.11266
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 2.233703{col 29}{space 2} 4.159102{col 40}{space 1}    0.54{col 49}{space 3}0.591{col 57}{space 4}-5.922714{col 70}{space 3} 10.39012
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict klarnerranneyhatallfull if nonsouth==1
{txt}(option xb assumed; fitted values)
(1,143 missing values generated)

{com}. 
. 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.klarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney = 0{p_end}

{txt}       F(  1,  2088) ={res}   84.04
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.klarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranney = 0{p_end}

{txt}       F(  2,  2088) ={res}   42.41
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann +  l3.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann + L3D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0025258{col 26}{space 2} .0014534{col 37}{space 1}   -1.74{col 46}{space 3}0.082{col 54}{space 4}-.0053762{col 67}{space 3} .0003245
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-.0008345{col 26}{space 2}  .001508{col 37}{space 1}   -0.55{col 46}{space 3}0.580{col 54}{space 4}-.0037901{col 67}{space 3} .0021212
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (5,4)  MODEL
. 
. 
. 
. *** I.B: NON-SOUTHERN STATES (N = 35): PRE-PARTISAN ALIGNMENT TIME PERIOD (1942 -1980) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  l4.d.real_pc_inc_ann l3.d.klarnerranney   i.state_fips i.year if year <=1980 & nonsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     1,148{col 27}-8508.191{col 38}-8112.385{col 49}    78{col 58} 16380.77{col 69} 16774.34
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  l4.d.real_pc_inc_ann l3.d.klarnerranney   i.state_fips i.year if year <=1980 & nonsouth==1, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     1,148
{txt}maximum lag: {res}6{col 49}{txt}F( 77,      1070){col 67}= {res}     17.27
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.2236934{col 29}{space 2} .0405636{col 40}{space 1}   -5.51{col 49}{space 3}0.000{col 57}{space 4}-.3032867{col 70}{space 3}-.1441002
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.9437338{col 29}{space 2} .5460284{col 40}{space 1}   -1.73{col 49}{space 3}0.084{col 57}{space 4}-2.015142{col 70}{space 3} .1276742
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0998966{col 29}{space 2} .0943149{col 40}{space 1}    1.06{col 49}{space 3}0.290{col 57}{space 4}-.0851664{col 70}{space 3} .2849597
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-1.900536{col 29}{space 2}  1.01189{col 40}{space 1}   -1.88{col 49}{space 3}0.061{col 57}{space 4} -3.88605{col 70}{space 3} .0849768
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0504084{col 29}{space 2} .0481417{col 40}{space 1}    1.05{col 49}{space 3}0.295{col 57}{space 4}-.0440544{col 70}{space 3} .1448712
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}  2.56834{col 29}{space 2} .9276225{col 40}{space 1}    2.77{col 49}{space 3}0.006{col 57}{space 4} .7481742{col 70}{space 3} 4.388505
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0233423{col 29}{space 2}  .073034{col 40}{space 1}   -0.32{col 49}{space 3}0.749{col 57}{space 4}-.1666485{col 70}{space 3} .1199639
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .3875836{col 29}{space 2}  .847749{col 40}{space 1}    0.46{col 49}{space 3}0.648{col 57}{space 4}-1.275855{col 70}{space 3} 2.051023
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L4D. {c |}{col 17}{res}{space 2} .0515968{col 29}{space 2} .0539021{col 40}{space 1}    0.96{col 49}{space 3}0.339{col 57}{space 4} -.054169{col 70}{space 3} .1573626
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} 1.229837{col 29}{space 2} .9931921{col 40}{space 1}    1.24{col 49}{space 3}0.216{col 57}{space 4}-.7189884{col 70}{space 3} 3.178662
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}4  {c |}{col 17}{res}{space 2}-1313.243{col 29}{space 2} 380.3506{col 40}{space 1}   -3.45{col 49}{space 3}0.001{col 57}{space 4} -2059.56{col 70}{space 3}-566.9251
{txt}{space 13}6  {c |}{col 17}{res}{space 2}-703.7227{col 29}{space 2} 325.8552{col 40}{space 1}   -2.16{col 49}{space 3}0.031{col 57}{space 4} -1343.11{col 70}{space 3}-64.33496
{txt}{space 13}8  {c |}{col 17}{res}{space 2}-1070.442{col 29}{space 2} 357.5956{col 40}{space 1}   -2.99{col 49}{space 3}0.003{col 57}{space 4} -1772.11{col 70}{space 3}-368.7739
{txt}{space 13}9  {c |}{col 17}{res}{space 2}-628.3839{col 29}{space 2}  324.841{col 40}{space 1}   -1.93{col 49}{space 3}0.053{col 57}{space 4}-1265.782{col 70}{space 3} 9.013766
{txt}{space 12}10  {c |}{col 17}{res}{space 2}-770.5007{col 29}{space 2} 328.7495{col 40}{space 1}   -2.34{col 49}{space 3}0.019{col 57}{space 4}-1415.567{col 70}{space 3}-125.4339
{txt}{space 12}15  {c |}{col 17}{res}{space 2}-691.6662{col 29}{space 2} 333.3859{col 40}{space 1}   -2.07{col 49}{space 3}0.038{col 57}{space 4} -1345.83{col 70}{space 3}-37.50185
{txt}{space 12}16  {c |}{col 17}{res}{space 2}-1392.491{col 29}{space 2} 382.8445{col 40}{space 1}   -3.64{col 49}{space 3}0.000{col 57}{space 4}-2143.702{col 70}{space 3}-641.2795
{txt}{space 12}17  {c |}{col 17}{res}{space 2}-793.0597{col 29}{space 2}  327.389{col 40}{space 1}   -2.42{col 49}{space 3}0.016{col 57}{space 4}-1435.457{col 70}{space 3}-150.6625
{txt}{space 12}18  {c |}{col 17}{res}{space 2} -1182.53{col 29}{space 2} 362.6022{col 40}{space 1}   -3.26{col 49}{space 3}0.001{col 57}{space 4}-1894.022{col 70}{space 3}-471.0378
{txt}{space 12}19  {c |}{col 17}{res}{space 2}-1218.473{col 29}{space 2} 369.3345{col 40}{space 1}   -3.30{col 49}{space 3}0.001{col 57}{space 4}-1943.175{col 70}{space 3}-493.7711
{txt}{space 12}20  {c |}{col 17}{res}{space 2}-1204.935{col 29}{space 2} 369.4555{col 40}{space 1}   -3.26{col 49}{space 3}0.001{col 57}{space 4}-1929.875{col 70}{space 3}-479.9957
{txt}{space 12}23  {c |}{col 17}{res}{space 2}-1514.669{col 29}{space 2} 397.0829{col 40}{space 1}   -3.81{col 49}{space 3}0.000{col 57}{space 4}-2293.819{col 70}{space 3}-735.5199
{txt}{space 12}24  {c |}{col 17}{res}{space 2}-951.1562{col 29}{space 2} 350.2604{col 40}{space 1}   -2.72{col 49}{space 3}0.007{col 57}{space 4}-1638.431{col 70}{space 3}-263.8809
{txt}{space 12}25  {c |}{col 17}{res}{space 2}-964.0527{col 29}{space 2} 345.9683{col 40}{space 1}   -2.79{col 49}{space 3}0.005{col 57}{space 4}-1642.906{col 70}{space 3}-285.1994
{txt}{space 12}26  {c |}{col 17}{res}{space 2}-947.0533{col 29}{space 2} 343.6715{col 40}{space 1}   -2.76{col 49}{space 3}0.006{col 57}{space 4}  -1621.4{col 70}{space 3}-272.7067
{txt}{space 12}27  {c |}{col 17}{res}{space 2}-1119.822{col 29}{space 2} 361.8628{col 40}{space 1}   -3.09{col 49}{space 3}0.002{col 57}{space 4}-1829.864{col 70}{space 3}-409.7812
{txt}{space 12}29  {c |}{col 17}{res}{space 2}-1225.835{col 29}{space 2} 368.4986{col 40}{space 1}   -3.33{col 49}{space 3}0.001{col 57}{space 4}-1948.897{col 70}{space 3}-502.7736
{txt}{space 12}30  {c |}{col 17}{res}{space 2}-1261.866{col 29}{space 2} 370.7462{col 40}{space 1}   -3.40{col 49}{space 3}0.001{col 57}{space 4}-1989.338{col 70}{space 3}-534.3939
{txt}{space 12}32  {c |}{col 17}{res}{space 2}-676.1948{col 29}{space 2} 323.0589{col 40}{space 1}   -2.09{col 49}{space 3}0.037{col 57}{space 4}-1310.096{col 70}{space 3}-42.29392
{txt}{space 12}33  {c |}{col 17}{res}{space 2}-1227.786{col 29}{space 2} 371.4221{col 40}{space 1}   -3.31{col 49}{space 3}0.001{col 57}{space 4}-1956.584{col 70}{space 3}-498.9874
{txt}{space 12}34  {c |}{col 17}{res}{space 2}-767.4385{col 29}{space 2} 329.8596{col 40}{space 1}   -2.33{col 49}{space 3}0.020{col 57}{space 4}-1414.684{col 70}{space 3}-120.1935
{txt}{space 12}35  {c |}{col 17}{res}{space 2}-1530.177{col 29}{space 2} 406.1421{col 40}{space 1}   -3.77{col 49}{space 3}0.000{col 57}{space 4}-2327.102{col 70}{space 3}-733.2515
{txt}{space 12}36  {c |}{col 17}{res}{space 2}-760.0329{col 29}{space 2} 327.1364{col 40}{space 1}   -2.32{col 49}{space 3}0.020{col 57}{space 4}-1401.935{col 70}{space 3}-118.1313
{txt}{space 12}38  {c |}{col 17}{res}{space 2}-1421.732{col 29}{space 2} 392.4745{col 40}{space 1}   -3.62{col 49}{space 3}0.000{col 57}{space 4}-2191.839{col 70}{space 3}-651.6247
{txt}{space 12}39  {c |}{col 17}{res}{space 2}-1060.361{col 29}{space 2} 351.7054{col 40}{space 1}   -3.01{col 49}{space 3}0.003{col 57}{space 4}-1750.472{col 70}{space 3}-370.2509
{txt}{space 12}41  {c |}{col 17}{res}{space 2}-1104.939{col 29}{space 2} 355.8691{col 40}{space 1}   -3.10{col 49}{space 3}0.002{col 57}{space 4} -1803.22{col 70}{space 3}-406.6589
{txt}{space 12}42  {c |}{col 17}{res}{space 2} -1094.21{col 29}{space 2} 353.8159{col 40}{space 1}   -3.09{col 49}{space 3}0.002{col 57}{space 4}-1788.462{col 70}{space 3}-399.9583
{txt}{space 12}44  {c |}{col 17}{res}{space 2}-1150.582{col 29}{space 2} 362.3044{col 40}{space 1}   -3.18{col 49}{space 3}0.002{col 57}{space 4} -1861.49{col 70}{space 3}-439.6744
{txt}{space 12}46  {c |}{col 17}{res}{space 2}-1499.038{col 29}{space 2} 396.8135{col 40}{space 1}   -3.78{col 49}{space 3}0.000{col 57}{space 4}-2277.659{col 70}{space 3}-720.4172
{txt}{space 12}49  {c |}{col 17}{res}{space 2}-1402.674{col 29}{space 2} 387.0209{col 40}{space 1}   -3.62{col 49}{space 3}0.000{col 57}{space 4} -2162.08{col 70}{space 3}-643.2682
{txt}{space 12}50  {c |}{col 17}{res}{space 2}-1467.403{col 29}{space 2} 395.8022{col 40}{space 1}   -3.71{col 49}{space 3}0.000{col 57}{space 4} -2244.04{col 70}{space 3}-690.7666
{txt}{space 12}53  {c |}{col 17}{res}{space 2}-949.4318{col 29}{space 2} 344.2145{col 40}{space 1}   -2.76{col 49}{space 3}0.006{col 57}{space 4}-1624.844{col 70}{space 3}-274.0197
{txt}{space 12}55  {c |}{col 17}{res}{space 2}-1137.548{col 29}{space 2} 360.7581{col 40}{space 1}   -3.15{col 49}{space 3}0.002{col 57}{space 4}-1845.421{col 70}{space 3} -429.674
{txt}{space 12}56  {c |}{col 17}{res}{space 2} -999.645{col 29}{space 2} 364.2339{col 40}{space 1}   -2.74{col 49}{space 3}0.006{col 57}{space 4}-1714.339{col 70}{space 3}-284.9513
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1948  {c |}{col 17}{res}{space 2} 401.5356{col 29}{space 2}  100.172{col 40}{space 1}    4.01{col 49}{space 3}0.000{col 57}{space 4} 204.9797{col 70}{space 3} 598.0914
{txt}{space 10}1949  {c |}{col 17}{res}{space 2} 205.3238{col 29}{space 2} 123.4826{col 40}{space 1}    1.66{col 49}{space 3}0.097{col 57}{space 4}-36.97174{col 70}{space 3} 447.6193
{txt}{space 10}1950  {c |}{col 17}{res}{space 2} 811.8113{col 29}{space 2} 119.1724{col 40}{space 1}    6.81{col 49}{space 3}0.000{col 57}{space 4} 577.9732{col 70}{space 3} 1045.649
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 604.3517{col 29}{space 2} 150.4823{col 40}{space 1}    4.02{col 49}{space 3}0.000{col 57}{space 4} 309.0778{col 70}{space 3} 899.6256
{txt}{space 10}1952  {c |}{col 17}{res}{space 2} 545.0084{col 29}{space 2}  121.871{col 40}{space 1}    4.47{col 49}{space 3}0.000{col 57}{space 4} 305.8751{col 70}{space 3} 784.1418
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 627.7625{col 29}{space 2} 99.93338{col 40}{space 1}    6.28{col 49}{space 3}0.000{col 57}{space 4} 431.6749{col 70}{space 3} 823.8501
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 410.9306{col 29}{space 2} 95.57566{col 40}{space 1}    4.30{col 49}{space 3}0.000{col 57}{space 4} 223.3936{col 70}{space 3} 598.4675
{txt}{space 10}1955  {c |}{col 17}{res}{space 2} 866.4756{col 29}{space 2}  89.7712{col 40}{space 1}    9.65{col 49}{space 3}0.000{col 57}{space 4}  690.328{col 70}{space 3} 1042.623
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 800.1487{col 29}{space 2} 119.3537{col 40}{space 1}    6.70{col 49}{space 3}0.000{col 57}{space 4} 565.9548{col 70}{space 3} 1034.343
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 635.7735{col 29}{space 2} 124.0818{col 40}{space 1}    5.12{col 49}{space 3}0.000{col 57}{space 4} 392.3022{col 70}{space 3} 879.2448
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 540.0774{col 29}{space 2} 108.1851{col 40}{space 1}    4.99{col 49}{space 3}0.000{col 57}{space 4} 327.7985{col 70}{space 3} 752.3564
{txt}{space 10}1959  {c |}{col 17}{res}{space 2}  814.999{col 29}{space 2} 87.82109{col 40}{space 1}    9.28{col 49}{space 3}0.000{col 57}{space 4} 642.6779{col 70}{space 3} 987.3201
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 796.2729{col 29}{space 2} 118.0113{col 40}{space 1}    6.75{col 49}{space 3}0.000{col 57}{space 4}  564.713{col 70}{space 3} 1027.833
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 766.3152{col 29}{space 2} 118.1072{col 40}{space 1}    6.49{col 49}{space 3}0.000{col 57}{space 4} 534.5672{col 70}{space 3} 998.0632
{txt}{space 10}1962  {c |}{col 17}{res}{space 2} 1106.869{col 29}{space 2} 140.1592{col 40}{space 1}    7.90{col 49}{space 3}0.000{col 57}{space 4} 831.8512{col 70}{space 3} 1381.887
{txt}{space 10}1963  {c |}{col 17}{res}{space 2}  843.836{col 29}{space 2} 133.9432{col 40}{space 1}    6.30{col 49}{space 3}0.000{col 57}{space 4} 581.0149{col 70}{space 3} 1106.657
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 1067.131{col 29}{space 2} 121.0358{col 40}{space 1}    8.82{col 49}{space 3}0.000{col 57}{space 4} 829.6365{col 70}{space 3} 1304.626
{txt}{space 10}1965  {c |}{col 17}{res}{space 2} 1324.635{col 29}{space 2} 148.5579{col 40}{space 1}    8.92{col 49}{space 3}0.000{col 57}{space 4} 1033.137{col 70}{space 3} 1616.133
{txt}{space 10}1966  {c |}{col 17}{res}{space 2} 1246.131{col 29}{space 2} 160.1578{col 40}{space 1}    7.78{col 49}{space 3}0.000{col 57}{space 4} 931.8724{col 70}{space 3}  1560.39
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 1266.703{col 29}{space 2}   159.67{col 40}{space 1}    7.93{col 49}{space 3}0.000{col 57}{space 4} 953.4014{col 70}{space 3} 1580.005
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 1426.025{col 29}{space 2} 161.9841{col 40}{space 1}    8.80{col 49}{space 3}0.000{col 57}{space 4} 1108.183{col 70}{space 3} 1743.868
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 1495.669{col 29}{space 2} 176.0377{col 40}{space 1}    8.50{col 49}{space 3}0.000{col 57}{space 4} 1150.251{col 70}{space 3} 1841.088
{txt}{space 10}1970  {c |}{col 17}{res}{space 2} 1323.729{col 29}{space 2}  188.537{col 40}{space 1}    7.02{col 49}{space 3}0.000{col 57}{space 4} 953.7849{col 70}{space 3} 1693.673
{txt}{space 10}1971  {c |}{col 17}{res}{space 2} 1495.686{col 29}{space 2} 187.5871{col 40}{space 1}    7.97{col 49}{space 3}0.000{col 57}{space 4} 1127.605{col 70}{space 3} 1863.766
{txt}{space 10}1972  {c |}{col 17}{res}{space 2} 1906.216{col 29}{space 2} 206.7844{col 40}{space 1}    9.22{col 49}{space 3}0.000{col 57}{space 4} 1500.467{col 70}{space 3} 2311.965
{txt}{space 10}1973  {c |}{col 17}{res}{space 2} 2065.759{col 29}{space 2} 273.6113{col 40}{space 1}    7.55{col 49}{space 3}0.000{col 57}{space 4} 1528.883{col 70}{space 3} 2602.634
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 1306.582{col 29}{space 2} 239.9761{col 40}{space 1}    5.44{col 49}{space 3}0.000{col 57}{space 4} 835.7048{col 70}{space 3} 1777.459
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 1531.796{col 29}{space 2} 200.1305{col 40}{space 1}    7.65{col 49}{space 3}0.000{col 57}{space 4} 1139.104{col 70}{space 3} 1924.489
{txt}{space 10}1976  {c |}{col 17}{res}{space 2} 1936.687{col 29}{space 2} 206.7545{col 40}{space 1}    9.37{col 49}{space 3}0.000{col 57}{space 4} 1530.996{col 70}{space 3} 2342.377
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 1862.975{col 29}{space 2} 263.4856{col 40}{space 1}    7.07{col 49}{space 3}0.000{col 57}{space 4} 1345.968{col 70}{space 3} 2379.983
{txt}{space 10}1978  {c |}{col 17}{res}{space 2} 2135.788{col 29}{space 2} 290.2771{col 40}{space 1}    7.36{col 49}{space 3}0.000{col 57}{space 4} 1566.211{col 70}{space 3} 2705.365
{txt}{space 10}1979  {c |}{col 17}{res}{space 2} 1654.236{col 29}{space 2} 282.6301{col 40}{space 1}    5.85{col 49}{space 3}0.000{col 57}{space 4} 1099.664{col 70}{space 3} 2208.809
{txt}{space 10}1980  {c |}{col 17}{res}{space 2} 1374.436{col 29}{space 2} 247.1802{col 40}{space 1}    5.56{col 49}{space 3}0.000{col 57}{space 4} 889.4234{col 70}{space 3} 1859.449
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 2196.772{col 29}{space 2} 584.9897{col 40}{space 1}    3.76{col 49}{space 3}0.000{col 57}{space 4} 1048.915{col 70}{space 3} 3344.629
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpre if year<=1980 & nonsouth==1
{txt}(option xb assumed; fitted values)
(2,191 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,  1070) ={res}   30.41
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,  1070) ={res}   15.77
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney +  l3.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney + L3D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.285224{col 26}{space 2} 2.016817{col 37}{space 1}    1.13{col 46}{space 3}0.257{col 54}{space 4}-1.672142{col 67}{space 3} 6.242589
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-4.218871{col 26}{space 2}  2.17719{col 37}{space 1}   -1.94{col 46}{space 3}0.053{col 54}{space 4}-8.486086{col 67}{space 3}  .048343
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum klarnerranney   if real_pc_inc_annhatallpre!=. & year <= 1980 & nonsouth==1, detail

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res} 7.846587       2.666667
{txt} 5%    {res}       26       2.666667
{txt}10%    {res} 35.89286       4.966588       {txt}Obs         {res}      1,148
{txt}25%    {res} 57.88889       4.966588       {txt}Sum of Wgt. {res}      1,148

{txt}50%    {res} 74.40371                      {txt}Mean          {res} 69.93211
                        {txt}Largest       Std. Dev.     {res} 22.52059
{txt}75%    {res}       88            100
{txt}90%    {res}       96            100       {txt}Variance      {res} 507.1771
{txt}95%    {res} 98.35601            100       {txt}Skewness      {res}-.7979719
{txt}99%    {res} 99.78022            100       {txt}Kurtosis      {res} 2.982485
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF klarnerranney ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF klarnerranney MINUS 25TH PERCENTILE VALUE OF klarnerranney FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.klarnerranney]/-_b[l.real_pc_inc_ann])*88  - (_b[l.klarnerranney]/-_b[l.real_pc_inc_ann])*57.88889

       {txt}_nl_1:  {res}(_b[l.klarnerranney]/-_b[l.real_pc_inc_ann])*88 - (_b[l.klarnerranney]/-_b[l.real_pc_inc_ann])*57.88889

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-127.0349{col 26}{space 2} 65.55761{col 37}{space 1}   -1.94{col 46}{space 3}0.053{col 54}{space 4}-255.5255{col 67}{space 3} 1.455661
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
.  
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. qui reg d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  l4.d.klarnerranney l3.d.real_pc_inc_ann   i.state_fips i.year if year <=1980 & nonsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     1,148{col 27}-4553.793{col 38}-4351.306{col 49}    78{col 58} 8858.611{col 69} 9252.182
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. 
. newey d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  l4.d.klarnerranney l3.d.real_pc_inc_ann   i.state_fips i.year if year <=1980 & nonsouth==1, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     1,148
{txt}maximum lag: {res}6{col 49}{txt}F( 77,      1070){col 67}= {res}      4.16
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}D.klarnerranney{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.1894711{col 29}{space 2} .0284399{col 40}{space 1}   -6.66{col 49}{space 3}0.000{col 57}{space 4}-.2452755{col 70}{space 3}-.1336668
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0013561{col 29}{space 2} .0008676{col 40}{space 1}   -1.56{col 49}{space 3}0.118{col 57}{space 4}-.0030585{col 70}{space 3} .0003464
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0921033{col 29}{space 2} .0202601{col 40}{space 1}    4.55{col 49}{space 3}0.000{col 57}{space 4} .0523493{col 70}{space 3} .1318573
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.0028469{col 29}{space 2} .0012894{col 40}{space 1}   -2.21{col 49}{space 3}0.027{col 57}{space 4}-.0053769{col 70}{space 3}-.0003168
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.2740198{col 29}{space 2} .0516751{col 40}{space 1}   -5.30{col 49}{space 3}0.000{col 57}{space 4}-.3754159{col 70}{space 3}-.1726238
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0002121{col 29}{space 2}  .001463{col 40}{space 1}    0.14{col 49}{space 3}0.885{col 57}{space 4}-.0026586{col 70}{space 3} .0030829
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}  .051559{col 29}{space 2} .0144133{col 40}{space 1}    3.58{col 49}{space 3}0.000{col 57}{space 4} .0232774{col 70}{space 3} .0798405
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0008956{col 29}{space 2} .0012479{col 40}{space 1}    0.72{col 49}{space 3}0.473{col 57}{space 4} -.001553{col 70}{space 3} .0033442
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L4D. {c |}{col 17}{res}{space 2} -.136293{col 29}{space 2} .0460721{col 40}{space 1}   -2.96{col 49}{space 3}0.003{col 57}{space 4}-.2266948{col 70}{space 3}-.0458912
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .0010653{col 29}{space 2} .0014881{col 40}{space 1}    0.72{col 49}{space 3}0.474{col 57}{space 4}-.0018547{col 70}{space 3} .0039853
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}4  {c |}{col 17}{res}{space 2}-8.661387{col 29}{space 2}   5.4093{col 40}{space 1}   -1.60{col 49}{space 3}0.110{col 57}{space 4}-19.27543{col 70}{space 3} 1.952652
{txt}{space 13}6  {c |}{col 17}{res}{space 2}-3.917142{col 29}{space 2} 3.620937{col 40}{space 1}   -1.08{col 49}{space 3}0.280{col 57}{space 4}-11.02209{col 70}{space 3} 3.187802
{txt}{space 13}8  {c |}{col 17}{res}{space 2}-4.396961{col 29}{space 2} 4.433771{col 40}{space 1}   -0.99{col 49}{space 3}0.322{col 57}{space 4}-13.09683{col 70}{space 3} 4.302911
{txt}{space 13}9  {c |}{col 17}{res}{space 2}-4.837458{col 29}{space 2} 3.766623{col 40}{space 1}   -1.28{col 49}{space 3}0.199{col 57}{space 4}-12.22826{col 70}{space 3} 2.553347
{txt}{space 12}10  {c |}{col 17}{res}{space 2}-3.895491{col 29}{space 2} 3.837292{col 40}{space 1}   -1.02{col 49}{space 3}0.310{col 57}{space 4}-11.42496{col 70}{space 3}  3.63398
{txt}{space 12}15  {c |}{col 17}{res}{space 2}-9.152646{col 29}{space 2} 3.463216{col 40}{space 1}   -2.64{col 49}{space 3}0.008{col 57}{space 4}-15.94811{col 70}{space 3} -2.35718
{txt}{space 12}16  {c |}{col 17}{res}{space 2}-7.582638{col 29}{space 2} 5.277434{col 40}{space 1}   -1.44{col 49}{space 3}0.151{col 57}{space 4}-17.93793{col 70}{space 3} 2.772657
{txt}{space 12}17  {c |}{col 17}{res}{space 2}-2.181391{col 29}{space 2} 3.525232{col 40}{space 1}   -0.62{col 49}{space 3}0.536{col 57}{space 4}-9.098543{col 70}{space 3} 4.735761
{txt}{space 12}18  {c |}{col 17}{res}{space 2}-5.657583{col 29}{space 2} 4.896828{col 40}{space 1}   -1.16{col 49}{space 3}0.248{col 57}{space 4}-15.26606{col 70}{space 3} 3.950891
{txt}{space 12}19  {c |}{col 17}{res}{space 2} -8.34529{col 29}{space 2} 5.154506{col 40}{space 1}   -1.62{col 49}{space 3}0.106{col 57}{space 4}-18.45938{col 70}{space 3} 1.768797
{txt}{space 12}20  {c |}{col 17}{res}{space 2}-8.033477{col 29}{space 2} 5.254178{col 40}{space 1}   -1.53{col 49}{space 3}0.127{col 57}{space 4}-18.34314{col 70}{space 3} 2.276184
{txt}{space 12}23  {c |}{col 17}{res}{space 2}-9.041064{col 29}{space 2} 5.975286{col 40}{space 1}   -1.51{col 49}{space 3}0.131{col 57}{space 4}-20.76567{col 70}{space 3} 2.683545
{txt}{space 12}24  {c |}{col 17}{res}{space 2}-12.42788{col 29}{space 2} 4.431878{col 40}{space 1}   -2.80{col 49}{space 3}0.005{col 57}{space 4}-21.12404{col 70}{space 3}-3.731718
{txt}{space 12}25  {c |}{col 17}{res}{space 2}-8.305364{col 29}{space 2} 4.581405{col 40}{space 1}   -1.81{col 49}{space 3}0.070{col 57}{space 4}-17.29492{col 70}{space 3} .6841936
{txt}{space 12}26  {c |}{col 17}{res}{space 2}-4.804233{col 29}{space 2} 4.188389{col 40}{space 1}   -1.15{col 49}{space 3}0.252{col 57}{space 4}-13.02262{col 70}{space 3} 3.414156
{txt}{space 12}27  {c |}{col 17}{res}{space 2}-6.760128{col 29}{space 2} 4.700497{col 40}{space 1}   -1.44{col 49}{space 3}0.151{col 57}{space 4}-15.98337{col 70}{space 3} 2.463109
{txt}{space 12}29  {c |}{col 17}{res}{space 2}-8.703839{col 29}{space 2}   4.9542{col 40}{space 1}   -1.76{col 49}{space 3}0.079{col 57}{space 4}-18.42489{col 70}{space 3} 1.017211
{txt}{space 12}30  {c |}{col 17}{res}{space 2}-4.506478{col 29}{space 2} 4.889841{col 40}{space 1}   -0.92{col 49}{space 3}0.357{col 57}{space 4}-14.10124{col 70}{space 3} 5.088286
{txt}{space 12}32  {c |}{col 17}{res}{space 2} -4.03495{col 29}{space 2} 4.045829{col 40}{space 1}   -1.00{col 49}{space 3}0.319{col 57}{space 4}-11.97361{col 70}{space 3} 3.903709
{txt}{space 12}33  {c |}{col 17}{res}{space 2}-7.744201{col 29}{space 2} 4.964475{col 40}{space 1}   -1.56{col 49}{space 3}0.119{col 57}{space 4}-17.48541{col 70}{space 3} 1.997011
{txt}{space 12}34  {c |}{col 17}{res}{space 2}-5.078869{col 29}{space 2} 3.898472{col 40}{space 1}   -1.30{col 49}{space 3}0.193{col 57}{space 4}-12.72839{col 70}{space 3} 2.570649
{txt}{space 12}35  {c |}{col 17}{res}{space 2}-12.93124{col 29}{space 2} 6.268131{col 40}{space 1}   -2.06{col 49}{space 3}0.039{col 57}{space 4}-25.23047{col 70}{space 3}-.6320182
{txt}{space 12}36  {c |}{col 17}{res}{space 2}-1.747627{col 29}{space 2} 3.483146{col 40}{space 1}   -0.50{col 49}{space 3}0.616{col 57}{space 4}-8.582199{col 70}{space 3} 5.086946
{txt}{space 12}38  {c |}{col 17}{res}{space 2}-11.99327{col 29}{space 2}  6.04995{col 40}{space 1}   -1.98{col 49}{space 3}0.048{col 57}{space 4}-23.86439{col 70}{space 3}-.1221617
{txt}{space 12}39  {c |}{col 17}{res}{space 2}-6.080331{col 29}{space 2}  4.35443{col 40}{space 1}   -1.40{col 49}{space 3}0.163{col 57}{space 4}-14.62452{col 70}{space 3}  2.46386
{txt}{space 12}41  {c |}{col 17}{res}{space 2}-6.355757{col 29}{space 2} 4.618033{col 40}{space 1}   -1.38{col 49}{space 3}0.169{col 57}{space 4}-15.41719{col 70}{space 3} 2.705672
{txt}{space 12}42  {c |}{col 17}{res}{space 2}-3.657603{col 29}{space 2}  4.44054{col 40}{space 1}   -0.82{col 49}{space 3}0.410{col 57}{space 4}-12.37076{col 70}{space 3} 5.055551
{txt}{space 12}44  {c |}{col 17}{res}{space 2}-10.81502{col 29}{space 2} 4.998514{col 40}{space 1}   -2.16{col 49}{space 3}0.031{col 57}{space 4}-20.62302{col 70}{space 3}-1.007023
{txt}{space 12}46  {c |}{col 17}{res}{space 2}-10.20285{col 29}{space 2} 6.057344{col 40}{space 1}   -1.68{col 49}{space 3}0.092{col 57}{space 4}-22.08847{col 70}{space 3} 1.682773
{txt}{space 12}49  {c |}{col 17}{res}{space 2}-6.374338{col 29}{space 2} 5.810306{col 40}{space 1}   -1.10{col 49}{space 3}0.273{col 57}{space 4}-17.77523{col 70}{space 3} 5.026549
{txt}{space 12}50  {c |}{col 17}{res}{space 2} -11.5425{col 29}{space 2}  5.80944{col 40}{space 1}   -1.99{col 49}{space 3}0.047{col 57}{space 4}-22.94168{col 70}{space 3}-.1433078
{txt}{space 12}53  {c |}{col 17}{res}{space 2}-3.441504{col 29}{space 2} 4.316415{col 40}{space 1}   -0.80{col 49}{space 3}0.425{col 57}{space 4} -11.9111{col 70}{space 3} 5.028094
{txt}{space 12}55  {c |}{col 17}{res}{space 2}-6.257526{col 29}{space 2} 4.634799{col 40}{space 1}   -1.35{col 49}{space 3}0.177{col 57}{space 4}-15.35185{col 70}{space 3}   2.8368
{txt}{space 12}56  {c |}{col 17}{res}{space 2}-5.632999{col 29}{space 2} 4.301503{col 40}{space 1}   -1.31{col 49}{space 3}0.191{col 57}{space 4}-14.07334{col 70}{space 3}  2.80734
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1948  {c |}{col 17}{res}{space 2} 8.861626{col 29}{space 2} 3.093093{col 40}{space 1}    2.86{col 49}{space 3}0.004{col 57}{space 4}  2.79241{col 70}{space 3} 14.93084
{txt}{space 10}1949  {c |}{col 17}{res}{space 2} 25.94186{col 29}{space 2} 5.008906{col 40}{space 1}    5.18{col 49}{space 3}0.000{col 57}{space 4} 16.11347{col 70}{space 3} 35.77025
{txt}{space 10}1950  {c |}{col 17}{res}{space 2} 12.38095{col 29}{space 2} 3.467576{col 40}{space 1}    3.57{col 49}{space 3}0.000{col 57}{space 4} 5.576932{col 70}{space 3} 19.18497
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 9.896865{col 29}{space 2} 3.708252{col 40}{space 1}    2.67{col 49}{space 3}0.008{col 57}{space 4} 2.620593{col 70}{space 3} 17.17314
{txt}{space 10}1952  {c |}{col 17}{res}{space 2} 10.34462{col 29}{space 2} 3.307688{col 40}{space 1}    3.13{col 49}{space 3}0.002{col 57}{space 4} 3.854329{col 70}{space 3} 16.83491
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 7.874684{col 29}{space 2} 4.539915{col 40}{space 1}    1.73{col 49}{space 3}0.083{col 57}{space 4}-1.033463{col 70}{space 3} 16.78283
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 10.59433{col 29}{space 2} 3.291948{col 40}{space 1}    3.22{col 49}{space 3}0.001{col 57}{space 4} 4.134923{col 70}{space 3} 17.05373
{txt}{space 10}1955  {c |}{col 17}{res}{space 2} 17.65304{col 29}{space 2} 3.989099{col 40}{space 1}    4.43{col 49}{space 3}0.000{col 57}{space 4} 9.825694{col 70}{space 3} 25.48038
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 12.93667{col 29}{space 2} 3.455256{col 40}{space 1}    3.74{col 49}{space 3}0.000{col 57}{space 4} 6.156823{col 70}{space 3} 19.71652
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 18.18031{col 29}{space 2} 4.382622{col 40}{space 1}    4.15{col 49}{space 3}0.000{col 57}{space 4} 9.580805{col 70}{space 3} 26.77982
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 12.96253{col 29}{space 2} 3.399393{col 40}{space 1}    3.81{col 49}{space 3}0.000{col 57}{space 4}   6.2923{col 70}{space 3} 19.63277
{txt}{space 10}1959  {c |}{col 17}{res}{space 2}  18.1408{col 29}{space 2} 4.815034{col 40}{space 1}    3.77{col 49}{space 3}0.000{col 57}{space 4} 8.692818{col 70}{space 3} 27.58878
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 14.88694{col 29}{space 2} 3.508691{col 40}{space 1}    4.24{col 49}{space 3}0.000{col 57}{space 4} 8.002243{col 70}{space 3} 21.77164
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 14.88301{col 29}{space 2} 4.257933{col 40}{space 1}    3.50{col 49}{space 3}0.000{col 57}{space 4} 6.528166{col 70}{space 3} 23.23786
{txt}{space 10}1962  {c |}{col 17}{res}{space 2} 15.14575{col 29}{space 2} 3.570925{col 40}{space 1}    4.24{col 49}{space 3}0.000{col 57}{space 4} 8.138939{col 70}{space 3} 22.15256
{txt}{space 10}1963  {c |}{col 17}{res}{space 2} 14.80763{col 29}{space 2} 3.826864{col 40}{space 1}    3.87{col 49}{space 3}0.000{col 57}{space 4}  7.29862{col 70}{space 3} 22.31664
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 15.10996{col 29}{space 2} 3.617947{col 40}{space 1}    4.18{col 49}{space 3}0.000{col 57}{space 4} 8.010885{col 70}{space 3} 22.20904
{txt}{space 10}1965  {c |}{col 17}{res}{space 2}  18.2085{col 29}{space 2} 4.491678{col 40}{space 1}    4.05{col 49}{space 3}0.000{col 57}{space 4} 9.395006{col 70}{space 3}   27.022
{txt}{space 10}1966  {c |}{col 17}{res}{space 2} 16.52537{col 29}{space 2} 3.914826{col 40}{space 1}    4.22{col 49}{space 3}0.000{col 57}{space 4} 8.843766{col 70}{space 3} 24.20698
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 18.81605{col 29}{space 2} 5.650162{col 40}{space 1}    3.33{col 49}{space 3}0.001{col 57}{space 4} 7.729399{col 70}{space 3} 29.90271
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 16.80407{col 29}{space 2} 4.157321{col 40}{space 1}    4.04{col 49}{space 3}0.000{col 57}{space 4} 8.646641{col 70}{space 3}  24.9615
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 17.36849{col 29}{space 2} 4.898077{col 40}{space 1}    3.55{col 49}{space 3}0.000{col 57}{space 4} 7.757563{col 70}{space 3} 26.97941
{txt}{space 10}1970  {c |}{col 17}{res}{space 2} 17.17233{col 29}{space 2}  4.39012{col 40}{space 1}    3.91{col 49}{space 3}0.000{col 57}{space 4} 8.558104{col 70}{space 3} 25.78655
{txt}{space 10}1971  {c |}{col 17}{res}{space 2}  23.2777{col 29}{space 2} 4.961721{col 40}{space 1}    4.69{col 49}{space 3}0.000{col 57}{space 4}  13.5419{col 70}{space 3} 33.01351
{txt}{space 10}1972  {c |}{col 17}{res}{space 2} 21.32554{col 29}{space 2} 5.013596{col 40}{space 1}    4.25{col 49}{space 3}0.000{col 57}{space 4} 11.48794{col 70}{space 3} 31.16314
{txt}{space 10}1973  {c |}{col 17}{res}{space 2}  21.5663{col 29}{space 2} 5.619994{col 40}{space 1}    3.84{col 49}{space 3}0.000{col 57}{space 4} 10.53884{col 70}{space 3} 32.59376
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 18.70479{col 29}{space 2} 5.205826{col 40}{space 1}    3.59{col 49}{space 3}0.000{col 57}{space 4} 8.490003{col 70}{space 3} 28.91958
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 16.30221{col 29}{space 2} 6.251396{col 40}{space 1}    2.61{col 49}{space 3}0.009{col 57}{space 4} 4.035823{col 70}{space 3}  28.5686
{txt}{space 10}1976  {c |}{col 17}{res}{space 2} 20.85799{col 29}{space 2} 5.698673{col 40}{space 1}    3.66{col 49}{space 3}0.000{col 57}{space 4}  9.67615{col 70}{space 3} 32.03983
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 20.00091{col 29}{space 2} 6.105277{col 40}{space 1}    3.28{col 49}{space 3}0.001{col 57}{space 4} 8.021231{col 70}{space 3} 31.98058
{txt}{space 10}1978  {c |}{col 17}{res}{space 2} 21.99041{col 29}{space 2} 6.036266{col 40}{space 1}    3.64{col 49}{space 3}0.000{col 57}{space 4} 10.14615{col 70}{space 3} 33.83467
{txt}{space 10}1979  {c |}{col 17}{res}{space 2}  20.2353{col 29}{space 2} 6.046597{col 40}{space 1}    3.35{col 49}{space 3}0.001{col 57}{space 4} 8.370769{col 70}{space 3} 32.09984
{txt}{space 10}1980  {c |}{col 17}{res}{space 2} 19.84745{col 29}{space 2}  6.02921{col 40}{space 1}    3.29{col 49}{space 3}0.001{col 57}{space 4} 8.017036{col 70}{space 3} 31.67787
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 16.62129{col 29}{space 2} 10.33932{col 40}{space 1}    1.61{col 49}{space 3}0.108{col 57}{space 4}-3.666359{col 70}{space 3} 36.90894
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict klarnerranneyhatallpre if year<=1980 & nonsouth==1
{txt}(option xb assumed; fitted values)
(2,191 missing values generated)

{com}. 
.  
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.klarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney = 0{p_end}

{txt}       F(  1,  1070) ={res}   44.38
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.klarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranney = 0{p_end}

{txt}       F(  2,  1070) ={res}   22.28
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann +  l2.d.real_pc_inc_ann +  l3.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann + L3D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0006739{col 26}{space 2} .0030152{col 37}{space 1}   -0.22{col 46}{space 3}0.823{col 54}{space 4}-.0065903{col 67}{space 3} .0052426
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-.0071571{col 26}{space 2}  .004519{col 37}{space 1}   -1.58{col 46}{space 3}0.113{col 54}{space 4}-.0160141{col 67}{space 3} .0016999
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum real_pc_inc_ann   if klarnerranneyhatallpre!=. & year<=1980 & nonsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 5022.266       4489.073
{txt} 5%    {res}  5631.98       4631.569
{txt}10%    {res} 6163.936       4655.711       {txt}Obs         {res}      1,148
{txt}25%    {res} 7127.247        4670.98       {txt}Sum of Wgt. {res}      1,148

{txt}50%    {res} 8955.586                      {txt}Mean          {res} 9216.766
                        {txt}Largest       Std. Dev.     {res} 2570.914
{txt}75%    {res} 11116.22       19154.27
{txt}90%    {res} 12830.78       19819.19       {txt}Variance      {res}  6609599
{txt}95%    {res} 13520.74       20438.71       {txt}Skewness      {res} .5683358
{txt}99%    {res} 14802.22       21278.61       {txt}Kurtosis      {res} 3.212132
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  real_pc_inc_ann ON klarnerranney:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*11116.22   -  (_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*7127.247 

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*11116.22 - (_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*7127.247

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-28.54945{col 26}{space 2} 18.02605{col 37}{space 1}   -1.58{col 46}{space 3}0.113{col 54}{space 4}-63.87985{col 67}{space 3} 6.780951
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
.   
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. *** I.C: NON-SOUTHERN STATES (N = 35): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_tota   i.state_fips i.year if year >1980 & nonsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     1,048{col 27}-7769.967{col 38}-7332.644{col 49}    78{col 58} 14821.29{col 69} 15207.75
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_tota   i.state_fips i.year if year >1980 & nonsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     1,048
{txt}maximum lag: {res}5{col 49}{txt}F( 77,       970){col 67}= {res}     20.97
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0939554{col 34}{space 2} .0174325{col 45}{space 1}   -5.39{col 54}{space 3}0.000{col 62}{space 4}-.1281652{col 75}{space 3}-.0597456
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} .8062978{col 34}{space 2} 1.038005{col 45}{space 1}    0.78{col 54}{space 3}0.437{col 62}{space 4}-1.230696{col 75}{space 3} 2.843292
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1232944{col 34}{space 2} .0535081{col 45}{space 1}    2.30{col 54}{space 3}0.021{col 62}{space 4} .0182895{col 75}{space 3} .2282993
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-2.398383{col 34}{space 2} 1.501686{col 45}{space 1}   -1.60{col 54}{space 3}0.111{col 62}{space 4}-5.345311{col 75}{space 3} .5485441
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .1404461{col 34}{space 2} .0567761{col 45}{space 1}    2.47{col 54}{space 3}0.014{col 62}{space 4} .0290279{col 75}{space 3} .2518643
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.4759428{col 34}{space 2} 1.394059{col 45}{space 1}   -0.34{col 54}{space 3}0.733{col 62}{space 4}-3.211661{col 75}{space 3} 2.259775
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0249849{col 34}{space 2}  .061124{col 45}{space 1}   -0.41{col 54}{space 3}0.683{col 62}{space 4}-.1449354{col 75}{space 3} .0949657
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-1.485006{col 34}{space 2} 1.583335{col 45}{space 1}   -0.94{col 54}{space 3}0.349{col 62}{space 4}-4.592163{col 75}{space 3} 1.622151
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-699.6013{col 34}{space 2} 705.7102{col 45}{space 1}   -0.99{col 54}{space 3}0.322{col 62}{space 4}-2084.496{col 75}{space 3} 685.2934
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-373.0615{col 34}{space 2} 672.2185{col 45}{space 1}   -0.55{col 54}{space 3}0.579{col 62}{space 4}-1692.232{col 75}{space 3} 946.1086
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 216.5139{col 34}{space 2} 127.6844{col 45}{space 1}    1.70{col 54}{space 3}0.090{col 62}{space 4}-34.05564{col 75}{space 3} 467.0834
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-93.44086{col 34}{space 2} 128.3535{col 45}{space 1}   -0.73{col 54}{space 3}0.467{col 62}{space 4}-345.3233{col 75}{space 3} 158.4416
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}  10.4501{col 34}{space 2} 418.6615{col 45}{space 1}    0.02{col 54}{space 3}0.980{col 62}{space 4}-811.1365{col 75}{space 3} 832.0367
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-402.0891{col 34}{space 2} 716.8787{col 45}{space 1}   -0.56{col 54}{space 3}0.575{col 62}{space 4}-1808.901{col 75}{space 3} 1004.723
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}4  {c |}{col 22}{res}{space 2}-537.4884{col 34}{space 2}  153.388{col 45}{space 1}   -3.50{col 54}{space 3}0.000{col 62}{space 4} -838.499{col 75}{space 3}-236.4778
{txt}{space 18}6  {c |}{col 22}{res}{space 2} -50.8367{col 34}{space 2} 102.1408{col 45}{space 1}   -0.50{col 54}{space 3}0.619{col 62}{space 4} -251.279{col 75}{space 3} 149.6056
{txt}{space 18}8  {c |}{col 22}{res}{space 2}-43.64667{col 34}{space 2} 95.18646{col 45}{space 1}   -0.46{col 54}{space 3}0.647{col 62}{space 4}-230.4418{col 75}{space 3} 143.1484
{txt}{space 18}9  {c |}{col 22}{res}{space 2} 461.8772{col 34}{space 2} 123.3254{col 45}{space 1}    3.75{col 54}{space 3}0.000{col 62}{space 4} 219.8619{col 75}{space 3} 703.8924
{txt}{space 17}10  {c |}{col 22}{res}{space 2}-66.08985{col 34}{space 2} 87.98607{col 45}{space 1}   -0.75{col 54}{space 3}0.453{col 62}{space 4}-238.7548{col 75}{space 3} 106.5751
{txt}{space 17}15  {c |}{col 22}{res}{space 2}-30.25046{col 34}{space 2} 111.7167{col 45}{space 1}   -0.27{col 54}{space 3}0.787{col 62}{space 4}-249.4847{col 75}{space 3} 188.9838
{txt}{space 17}16  {c |}{col 22}{res}{space 2}-593.1405{col 34}{space 2} 144.3631{col 45}{space 1}   -4.11{col 54}{space 3}0.000{col 62}{space 4}-876.4404{col 75}{space 3}-309.8406
{txt}{space 17}17  {c |}{col 22}{res}{space 2}-47.37851{col 34}{space 2} 92.71036{col 45}{space 1}   -0.51{col 54}{space 3}0.609{col 62}{space 4}-229.3145{col 75}{space 3} 134.5575
{txt}{space 17}18  {c |}{col 22}{res}{space 2}-334.6436{col 34}{space 2} 100.8185{col 45}{space 1}   -3.32{col 54}{space 3}0.001{col 62}{space 4} -532.491{col 75}{space 3}-136.7961
{txt}{space 17}19  {c |}{col 22}{res}{space 2} -477.117{col 34}{space 2} 152.4274{col 45}{space 1}   -3.13{col 54}{space 3}0.002{col 62}{space 4}-776.2424{col 75}{space 3}-177.9915
{txt}{space 17}20  {c |}{col 22}{res}{space 2}-414.9636{col 34}{space 2} 148.6566{col 45}{space 1}   -2.79{col 54}{space 3}0.005{col 62}{space 4}-706.6891{col 75}{space 3} -123.238
{txt}{space 17}23  {c |}{col 22}{res}{space 2}-312.5868{col 34}{space 2} 109.0695{col 45}{space 1}   -2.87{col 54}{space 3}0.004{col 62}{space 4}-526.6261{col 75}{space 3}-98.54742
{txt}{space 17}24  {c |}{col 22}{res}{space 2} 215.8669{col 34}{space 2} 101.8624{col 45}{space 1}    2.12{col 54}{space 3}0.034{col 62}{space 4} 15.97093{col 75}{space 3} 415.7629
{txt}{space 17}25  {c |}{col 22}{res}{space 2} 309.7894{col 34}{space 2}  126.469{col 45}{space 1}    2.45{col 54}{space 3}0.014{col 62}{space 4} 61.60509{col 75}{space 3} 557.9738
{txt}{space 17}26  {c |}{col 22}{res}{space 2}-286.9693{col 34}{space 2} 112.4632{col 45}{space 1}   -2.55{col 54}{space 3}0.011{col 62}{space 4}-507.6686{col 75}{space 3} -66.2701
{txt}{space 17}27  {c |}{col 22}{res}{space 2}-55.60426{col 34}{space 2} 93.80103{col 45}{space 1}   -0.59{col 54}{space 3}0.553{col 62}{space 4}-239.6806{col 75}{space 3} 128.4721
{txt}{space 17}29  {c |}{col 22}{res}{space 2}-251.7997{col 34}{space 2} 95.10439{col 45}{space 1}   -2.65{col 54}{space 3}0.008{col 62}{space 4}-438.4338{col 75}{space 3}-65.16566
{txt}{space 17}30  {c |}{col 22}{res}{space 2}-397.2757{col 34}{space 2} 114.0251{col 45}{space 1}   -3.48{col 54}{space 3}0.001{col 62}{space 4}  -621.04{col 75}{space 3}-173.5114
{txt}{space 17}32  {c |}{col 22}{res}{space 2} -363.976{col 34}{space 2} 162.8664{col 45}{space 1}   -2.23{col 54}{space 3}0.026{col 62}{space 4}-683.5871{col 75}{space 3}-44.36485
{txt}{space 17}33  {c |}{col 22}{res}{space 2} 27.06615{col 34}{space 2} 98.64367{col 45}{space 1}    0.27{col 54}{space 3}0.784{col 62}{space 4}-166.5134{col 75}{space 3} 220.6457
{txt}{space 17}34  {c |}{col 22}{res}{space 2}  300.462{col 34}{space 2} 100.0738{col 45}{space 1}    3.00{col 54}{space 3}0.003{col 62}{space 4} 104.0759{col 75}{space 3} 496.8481
{txt}{space 17}35  {c |}{col 22}{res}{space 2}-456.2014{col 34}{space 2} 108.0478{col 45}{space 1}   -4.22{col 54}{space 3}0.000{col 62}{space 4}-668.2358{col 75}{space 3} -244.167
{txt}{space 17}36  {c |}{col 22}{res}{space 2} 159.1872{col 34}{space 2} 114.3463{col 45}{space 1}    1.39{col 54}{space 3}0.164{col 62}{space 4}-65.20736{col 75}{space 3} 383.5818
{txt}{space 17}38  {c |}{col 22}{res}{space 2}-252.3876{col 34}{space 2} 143.2208{col 45}{space 1}   -1.76{col 54}{space 3}0.078{col 62}{space 4}-533.4459{col 75}{space 3}  28.6707
{txt}{space 17}39  {c |}{col 22}{res}{space 2}-262.7304{col 34}{space 2} 94.75155{col 45}{space 1}   -2.77{col 54}{space 3}0.006{col 62}{space 4}-448.6721{col 75}{space 3}-76.78878
{txt}{space 17}41  {c |}{col 22}{res}{space 2}-280.1844{col 34}{space 2} 90.76274{col 45}{space 1}   -3.09{col 54}{space 3}0.002{col 62}{space 4}-458.2984{col 75}{space 3}-102.0705
{txt}{space 17}42  {c |}{col 22}{res}{space 2}-157.9416{col 34}{space 2} 96.10234{col 45}{space 1}   -1.64{col 54}{space 3}0.101{col 62}{space 4}-346.5341{col 75}{space 3} 30.65082
{txt}{space 17}44  {c |}{col 22}{res}{space 2}-56.32415{col 34}{space 2} 111.7689{col 45}{space 1}   -0.50{col 54}{space 3}0.614{col 62}{space 4}-275.6609{col 75}{space 3} 163.0126
{txt}{space 17}46  {c |}{col 22}{res}{space 2}-420.6539{col 34}{space 2} 168.2988{col 45}{space 1}   -2.50{col 54}{space 3}0.013{col 62}{space 4}-750.9255{col 75}{space 3}-90.38229
{txt}{space 17}49  {c |}{col 22}{res}{space 2}-639.9307{col 34}{space 2} 158.1961{col 45}{space 1}   -4.05{col 54}{space 3}0.000{col 62}{space 4}-950.3767{col 75}{space 3}-329.4847
{txt}{space 17}50  {c |}{col 22}{res}{space 2}-220.3929{col 34}{space 2} 96.95291{col 45}{space 1}   -2.27{col 54}{space 3}0.023{col 62}{space 4}-410.6545{col 75}{space 3}-30.13126
{txt}{space 17}53  {c |}{col 22}{res}{space 2}-70.53792{col 34}{space 2} 86.68281{col 45}{space 1}   -0.81{col 54}{space 3}0.416{col 62}{space 4}-240.6454{col 75}{space 3} 99.56952
{txt}{space 17}55  {c |}{col 22}{res}{space 2}-240.6592{col 34}{space 2} 90.42835{col 45}{space 1}   -2.66{col 54}{space 3}0.008{col 62}{space 4} -418.117{col 75}{space 3}-63.20147
{txt}{space 17}56  {c |}{col 22}{res}{space 2}-293.1251{col 34}{space 2} 199.9512{col 45}{space 1}   -1.47{col 54}{space 3}0.143{col 62}{space 4}-685.5119{col 75}{space 3} 99.26179
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-92.15093{col 34}{space 2} 62.58681{col 45}{space 1}   -1.47{col 54}{space 3}0.141{col 62}{space 4}-214.9721{col 75}{space 3}  30.6702
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 48.07235{col 34}{space 2} 85.80022{col 45}{space 1}    0.56{col 54}{space 3}0.575{col 62}{space 4}-120.3031{col 75}{space 3} 216.4478
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 396.9434{col 34}{space 2} 67.40991{col 45}{space 1}    5.89{col 54}{space 3}0.000{col 62}{space 4} 264.6573{col 75}{space 3} 529.2294
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 78.49957{col 34}{space 2} 66.79771{col 45}{space 1}    1.18{col 54}{space 3}0.240{col 62}{space 4}-52.58511{col 75}{space 3} 209.5842
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 195.7855{col 34}{space 2} 69.47246{col 45}{space 1}    2.82{col 54}{space 3}0.005{col 62}{space 4} 59.45186{col 75}{space 3} 332.1191
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 88.27428{col 34}{space 2} 74.11545{col 45}{space 1}    1.19{col 54}{space 3}0.234{col 62}{space 4}-57.17082{col 75}{space 3} 233.7194
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 186.4349{col 34}{space 2} 80.46788{col 45}{space 1}    2.32{col 54}{space 3}0.021{col 62}{space 4} 28.52375{col 75}{space 3} 344.3461
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 306.6882{col 34}{space 2} 77.23532{col 45}{space 1}    3.97{col 54}{space 3}0.000{col 62}{space 4} 155.1206{col 75}{space 3} 458.2557
{txt}{space 15}1990  {c |}{col 22}{res}{space 2}-90.41152{col 34}{space 2}  86.2496{col 45}{space 1}   -1.05{col 54}{space 3}0.295{col 62}{space 4}-259.6688{col 75}{space 3} 78.84578
{txt}{space 15}1991  {c |}{col 22}{res}{space 2}-206.5778{col 34}{space 2}  74.6681{col 45}{space 1}   -2.77{col 54}{space 3}0.006{col 62}{space 4}-353.1074{col 75}{space 3}-60.04819
{txt}{space 15}1992  {c |}{col 22}{res}{space 2}  336.539{col 34}{space 2} 77.15855{col 45}{space 1}    4.36{col 54}{space 3}0.000{col 62}{space 4} 185.1221{col 75}{space 3} 487.9559
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 37.35636{col 34}{space 2} 81.01332{col 45}{space 1}    0.46{col 54}{space 3}0.645{col 62}{space 4}-121.6252{col 75}{space 3} 196.3379
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 253.2129{col 34}{space 2}  88.4379{col 45}{space 1}    2.86{col 54}{space 3}0.004{col 62}{space 4} 79.66123{col 75}{space 3} 426.7645
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 184.7668{col 34}{space 2} 82.54654{col 45}{space 1}    2.24{col 54}{space 3}0.025{col 62}{space 4} 22.77641{col 75}{space 3} 346.7572
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 356.8412{col 34}{space 2} 93.71315{col 45}{space 1}    3.81{col 54}{space 3}0.000{col 62}{space 4} 172.9373{col 75}{space 3}  540.745
{txt}{space 15}1997  {c |}{col 22}{res}{space 2}  365.996{col 34}{space 2} 87.92713{col 45}{space 1}    4.16{col 54}{space 3}0.000{col 62}{space 4} 193.4467{col 75}{space 3} 538.5454
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 793.0547{col 34}{space 2} 97.16479{col 45}{space 1}    8.16{col 54}{space 3}0.000{col 62}{space 4} 602.3773{col 75}{space 3} 983.7321
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 343.9369{col 34}{space 2} 104.6159{col 45}{space 1}    3.29{col 54}{space 3}0.001{col 62}{space 4} 138.6373{col 75}{space 3} 549.2365
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 696.0506{col 34}{space 2} 112.2025{col 45}{space 1}    6.20{col 54}{space 3}0.000{col 62}{space 4}  475.863{col 75}{space 3} 916.2383
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 298.5694{col 34}{space 2} 118.9503{col 45}{space 1}    2.51{col 54}{space 3}0.012{col 62}{space 4} 65.13984{col 75}{space 3}  531.999
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 173.0395{col 34}{space 2} 116.6367{col 45}{space 1}    1.48{col 54}{space 3}0.138{col 62}{space 4}-55.84986{col 75}{space 3} 401.9289
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 398.1963{col 34}{space 2} 115.1678{col 45}{space 1}    3.46{col 54}{space 3}0.001{col 62}{space 4} 172.1895{col 75}{space 3} 624.2031
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 690.8341{col 34}{space 2} 123.2994{col 45}{space 1}    5.60{col 54}{space 3}0.000{col 62}{space 4} 448.8698{col 75}{space 3} 932.7985
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 387.5511{col 34}{space 2} 133.5061{col 45}{space 1}    2.90{col 54}{space 3}0.004{col 62}{space 4}  125.557{col 75}{space 3} 649.5451
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 821.4208{col 34}{space 2} 137.3643{col 45}{space 1}    5.98{col 54}{space 3}0.000{col 62}{space 4} 551.8555{col 75}{space 3} 1090.986
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 711.1323{col 34}{space 2} 147.5747{col 45}{space 1}    4.82{col 54}{space 3}0.000{col 62}{space 4} 421.5298{col 75}{space 3} 1000.735
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 402.9974{col 34}{space 2} 164.4573{col 45}{space 1}    2.45{col 54}{space 3}0.014{col 62}{space 4}  80.2643{col 75}{space 3} 725.7305
{txt}{space 15}2009  {c |}{col 22}{res}{space 2}-451.2613{col 34}{space 2} 147.4905{col 45}{space 1}   -3.06{col 54}{space 3}0.002{col 62}{space 4}-740.6985{col 75}{space 3}-161.8241
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 660.2967{col 34}{space 2} 136.4803{col 45}{space 1}    4.84{col 54}{space 3}0.000{col 62}{space 4}  392.466{col 75}{space 3} 928.1273
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 1473.322{col 34}{space 2} 263.5734{col 45}{space 1}    5.59{col 54}{space 3}0.000{col 62}{space 4} 956.0826{col 75}{space 3} 1990.562
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & nonsouth==1
{txt}(option xb assumed; fitted values)
(2,291 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   970) ={res}   29.05
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   970) ={res}   14.76
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-4.359332{col 26}{space 2} 3.131265{col 37}{space 1}   -1.39{col 46}{space 3}0.164{col 54}{space 4}-10.50417{col 67}{space 3} 1.785502
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 8.581707{col 26}{space 2}  11.1337{col 37}{space 1}    0.77{col 46}{space 3}0.441{col 54}{space 4}-13.23995{col 67}{space 3} 30.40336
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum klarnerranney   if  real_pc_inc_annhatallpost!=. & year > 1980 & nonsouth==1, detail

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res} 21.72549       19.76471
{txt} 5%    {res}       32       19.76471
{txt}10%    {res}       44       19.84314       {txt}Obs         {res}      1,048
{txt}25%    {res} 65.40031       19.84314       {txt}Sum of Wgt. {res}      1,048

{txt}50%    {res} 81.80003                      {txt}Mean          {res} 76.06895
                        {txt}Largest       Std. Dev.     {res} 19.67003
{txt}75%    {res} 91.25554            100
{txt}90%    {res} 96.73892            100       {txt}Variance      {res} 386.9103
{txt}95%    {res} 98.27586            100       {txt}Skewness      {res}-1.065924
{txt}99%    {res} 99.43503            100       {txt}Kurtosis      {res}  3.34905
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF klarnerranney ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF klarnerranney MINUS 25TH PERCENTILE VALUE OF klarnerranney FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*91.25554  -  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*65.40031 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*91.25554 - (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*65.40031

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}  221.882{col 26}{space 2} 287.8644{col 37}{space 1}    0.77{col 46}{space 3}0.441{col 54}{space 4}-342.3219{col 67}{space 3} 786.0859
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year >1980 & nonsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     1,048{col 27}-3539.918{col 38}-3438.669{col 49}    72{col 58} 7021.338{col 69} 7378.072
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year >1980 & nonsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     1,048
{txt}maximum lag: {res}5{col 49}{txt}F( 71,       976){col 67}= {res}      2.49
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}D.klarnerranney{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.2755398{col 29}{space 2} .0281212{col 40}{space 1}   -9.80{col 49}{space 3}0.000{col 57}{space 4}-.3307248{col 70}{space 3}-.2203548
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0002487{col 29}{space 2}  .000337{col 40}{space 1}   -0.74{col 49}{space 3}0.461{col 57}{space 4}  -.00091{col 70}{space 3} .0004127
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0962137{col 29}{space 2} .0237099{col 40}{space 1}    4.06{col 49}{space 3}0.000{col 57}{space 4} .0496855{col 70}{space 3} .1427419
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.0013613{col 29}{space 2} .0009006{col 40}{space 1}   -1.51{col 49}{space 3}0.131{col 57}{space 4}-.0031287{col 70}{space 3} .0004061
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0140903{col 29}{space 2} .0405535{col 40}{space 1}    0.35{col 49}{space 3}0.728{col 57}{space 4}-.0654919{col 70}{space 3} .0936725
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0000182{col 29}{space 2} .0008771{col 40}{space 1}    0.02{col 49}{space 3}0.983{col 57}{space 4}-.0017029{col 70}{space 3} .0017394
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .0073524{col 29}{space 2} .0265556{col 40}{space 1}    0.28{col 49}{space 3}0.782{col 57}{space 4}-.0447603{col 70}{space 3} .0594651
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0004313{col 29}{space 2} .0013311{col 40}{space 1}    0.32{col 49}{space 3}0.746{col 57}{space 4}-.0021808{col 70}{space 3} .0030434
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}4  {c |}{col 17}{res}{space 2}-2.548681{col 29}{space 2}  2.71024{col 40}{space 1}   -0.94{col 49}{space 3}0.347{col 57}{space 4}-7.867249{col 70}{space 3} 2.769888
{txt}{space 13}6  {c |}{col 17}{res}{space 2}-1.304153{col 29}{space 2} 2.155731{col 40}{space 1}   -0.60{col 49}{space 3}0.545{col 57}{space 4}-5.534554{col 70}{space 3} 2.926248
{txt}{space 13}8  {c |}{col 17}{res}{space 2}-1.010908{col 29}{space 2} 2.629771{col 40}{space 1}   -0.38{col 49}{space 3}0.701{col 57}{space 4}-6.171564{col 70}{space 3} 4.149747
{txt}{space 13}9  {c |}{col 17}{res}{space 2}-.7170907{col 29}{space 2} 2.268618{col 40}{space 1}   -0.32{col 49}{space 3}0.752{col 57}{space 4}-5.169022{col 70}{space 3}  3.73484
{txt}{space 12}10  {c |}{col 17}{res}{space 2} .8953104{col 29}{space 2} 2.264791{col 40}{space 1}    0.40{col 49}{space 3}0.693{col 57}{space 4} -3.54911{col 70}{space 3} 5.339731
{txt}{space 12}15  {c |}{col 17}{res}{space 2}-14.85387{col 29}{space 2} 2.912412{col 40}{space 1}   -5.10{col 49}{space 3}0.000{col 57}{space 4}-20.56918{col 70}{space 3}-9.138564
{txt}{space 12}16  {c |}{col 17}{res}{space 2}-11.73086{col 29}{space 2} 3.749667{col 40}{space 1}   -3.13{col 49}{space 3}0.002{col 57}{space 4}-19.08919{col 70}{space 3}-4.372518
{txt}{space 12}17  {c |}{col 17}{res}{space 2} 1.415831{col 29}{space 2} 2.165075{col 40}{space 1}    0.65{col 49}{space 3}0.513{col 57}{space 4}-2.832907{col 70}{space 3}  5.66457
{txt}{space 12}18  {c |}{col 17}{res}{space 2}-1.177717{col 29}{space 2} 2.781553{col 40}{space 1}   -0.42{col 49}{space 3}0.672{col 57}{space 4} -6.63623{col 70}{space 3} 4.280796
{txt}{space 12}19  {c |}{col 17}{res}{space 2}-.1021345{col 29}{space 2} 2.641032{col 40}{space 1}   -0.04{col 49}{space 3}0.969{col 57}{space 4}-5.284889{col 70}{space 3}  5.08062
{txt}{space 12}20  {c |}{col 17}{res}{space 2}-4.854242{col 29}{space 2}  2.75592{col 40}{space 1}   -1.76{col 49}{space 3}0.078{col 57}{space 4}-10.26245{col 70}{space 3} .5539682
{txt}{space 12}23  {c |}{col 17}{res}{space 2}-.4753663{col 29}{space 2} 2.881798{col 40}{space 1}   -0.16{col 49}{space 3}0.869{col 57}{space 4}  -6.1306{col 70}{space 3} 5.179867
{txt}{space 12}24  {c |}{col 17}{res}{space 2}-10.27361{col 29}{space 2} 2.968854{col 40}{space 1}   -3.46{col 49}{space 3}0.001{col 57}{space 4}-16.09969{col 70}{space 3}-4.447542
{txt}{space 12}25  {c |}{col 17}{res}{space 2}-12.54844{col 29}{space 2}  2.54609{col 40}{space 1}   -4.93{col 49}{space 3}0.000{col 57}{space 4}-17.54488{col 70}{space 3}   -7.552
{txt}{space 12}26  {c |}{col 17}{res}{space 2} .8862978{col 29}{space 2} 2.415546{col 40}{space 1}    0.37{col 49}{space 3}0.714{col 57}{space 4}-3.853964{col 70}{space 3}  5.62656
{txt}{space 12}27  {c |}{col 17}{res}{space 2}-1.575082{col 29}{space 2}  2.60307{col 40}{space 1}   -0.61{col 49}{space 3}0.545{col 57}{space 4}-6.683341{col 70}{space 3} 3.533176
{txt}{space 12}29  {c |}{col 17}{res}{space 2}-2.674224{col 29}{space 2} 2.808098{col 40}{space 1}   -0.95{col 49}{space 3}0.341{col 57}{space 4}-8.184828{col 70}{space 3} 2.836381
{txt}{space 12}30  {c |}{col 17}{res}{space 2}-.9418103{col 29}{space 2} 3.130378{col 40}{space 1}   -0.30{col 49}{space 3}0.764{col 57}{space 4}-7.084856{col 70}{space 3} 5.201236
{txt}{space 12}32  {c |}{col 17}{res}{space 2} .6734014{col 29}{space 2}  2.26255{col 40}{space 1}    0.30{col 49}{space 3}0.766{col 57}{space 4}-3.766622{col 70}{space 3} 5.113424
{txt}{space 12}33  {c |}{col 17}{res}{space 2}-4.827232{col 29}{space 2} 2.504689{col 40}{space 1}   -1.93{col 49}{space 3}0.054{col 57}{space 4}-9.742428{col 70}{space 3} .0879649
{txt}{space 12}34  {c |}{col 17}{res}{space 2} .3275487{col 29}{space 2} 2.277304{col 40}{space 1}    0.14{col 49}{space 3}0.886{col 57}{space 4}-4.141428{col 70}{space 3} 4.796525
{txt}{space 12}35  {c |}{col 17}{res}{space 2}-2.555727{col 29}{space 2} 3.321822{col 40}{space 1}   -0.77{col 49}{space 3}0.442{col 57}{space 4}-9.074462{col 70}{space 3} 3.963008
{txt}{space 12}36  {c |}{col 17}{res}{space 2} 1.973337{col 29}{space 2} 1.982709{col 40}{space 1}    1.00{col 49}{space 3}0.320{col 57}{space 4}-1.917527{col 70}{space 3} 5.864201
{txt}{space 12}38  {c |}{col 17}{res}{space 2}-3.706314{col 29}{space 2} 3.133445{col 40}{space 1}   -1.18{col 49}{space 3}0.237{col 57}{space 4}-9.855378{col 70}{space 3} 2.442751
{txt}{space 12}39  {c |}{col 17}{res}{space 2}-.9715771{col 29}{space 2} 2.679907{col 40}{space 1}   -0.36{col 49}{space 3}0.717{col 57}{space 4} -6.23062{col 70}{space 3} 4.287466
{txt}{space 12}41  {c |}{col 17}{res}{space 2} .1938391{col 29}{space 2} 2.562861{col 40}{space 1}    0.08{col 49}{space 3}0.940{col 57}{space 4}-4.835514{col 70}{space 3} 5.223192
{txt}{space 12}42  {c |}{col 17}{res}{space 2} 1.397883{col 29}{space 2} 2.288812{col 40}{space 1}    0.61{col 49}{space 3}0.542{col 57}{space 4}-3.093676{col 70}{space 3} 5.889442
{txt}{space 12}44  {c |}{col 17}{res}{space 2}-13.81861{col 29}{space 2} 3.065233{col 40}{space 1}   -4.51{col 49}{space 3}0.000{col 57}{space 4}-19.83381{col 70}{space 3}  -7.8034
{txt}{space 12}46  {c |}{col 17}{res}{space 2}-6.591798{col 29}{space 2}  3.19288{col 40}{space 1}   -2.06{col 49}{space 3}0.039{col 57}{space 4} -12.8575{col 70}{space 3}-.3260986
{txt}{space 12}49  {c |}{col 17}{res}{space 2}-9.340472{col 29}{space 2} 3.432822{col 40}{space 1}   -2.72{col 49}{space 3}0.007{col 57}{space 4}-16.07703{col 70}{space 3}-2.603911
{txt}{space 12}50  {c |}{col 17}{res}{space 2}-.5155945{col 29}{space 2} 2.845326{col 40}{space 1}   -0.18{col 49}{space 3}0.856{col 57}{space 4}-6.099254{col 70}{space 3} 5.068065
{txt}{space 12}53  {c |}{col 17}{res}{space 2} .6609921{col 29}{space 2} 2.335799{col 40}{space 1}    0.28{col 49}{space 3}0.777{col 57}{space 4}-3.922774{col 70}{space 3} 5.244758
{txt}{space 12}55  {c |}{col 17}{res}{space 2} .7860468{col 29}{space 2} 2.487667{col 40}{space 1}    0.32{col 49}{space 3}0.752{col 57}{space 4}-4.095744{col 70}{space 3} 5.667838
{txt}{space 12}56  {c |}{col 17}{res}{space 2}-7.876742{col 29}{space 2} 2.647964{col 40}{space 1}   -2.97{col 49}{space 3}0.003{col 57}{space 4} -13.0731{col 70}{space 3}-2.680383
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-.3438207{col 29}{space 2} 1.605768{col 40}{space 1}   -0.21{col 49}{space 3}0.831{col 57}{space 4}-3.494975{col 70}{space 3} 2.807334
{txt}{space 10}1983  {c |}{col 17}{res}{space 2}-.6938144{col 29}{space 2} 2.709425{col 40}{space 1}   -0.26{col 49}{space 3}0.798{col 57}{space 4}-6.010784{col 70}{space 3} 4.623155
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} .0100784{col 29}{space 2}  1.65112{col 40}{space 1}    0.01{col 49}{space 3}0.995{col 57}{space 4}-3.230075{col 70}{space 3} 3.250232
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} .8031018{col 29}{space 2} 2.167759{col 40}{space 1}    0.37{col 49}{space 3}0.711{col 57}{space 4}-3.450904{col 70}{space 3} 5.057108
{txt}{space 10}1986  {c |}{col 17}{res}{space 2} .0673538{col 29}{space 2} 1.759629{col 40}{space 1}    0.04{col 49}{space 3}0.969{col 57}{space 4}-3.385737{col 70}{space 3} 3.520445
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} 1.979344{col 29}{space 2} 2.105142{col 40}{space 1}    0.94{col 49}{space 3}0.347{col 57}{space 4}-2.151782{col 70}{space 3}  6.11047
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} .4255782{col 29}{space 2} 1.746037{col 40}{space 1}    0.24{col 49}{space 3}0.807{col 57}{space 4} -3.00084{col 70}{space 3} 3.851997
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} 1.779995{col 29}{space 2} 2.071602{col 40}{space 1}    0.86{col 49}{space 3}0.390{col 57}{space 4}-2.285311{col 70}{space 3} 5.845302
{txt}{space 10}1990  {c |}{col 17}{res}{space 2} .5012482{col 29}{space 2} 1.874011{col 40}{space 1}    0.27{col 49}{space 3}0.789{col 57}{space 4}-3.176307{col 70}{space 3} 4.178803
{txt}{space 10}1991  {c |}{col 17}{res}{space 2} 2.174233{col 29}{space 2} 2.265184{col 40}{space 1}    0.96{col 49}{space 3}0.337{col 57}{space 4}-2.270959{col 70}{space 3} 6.619425
{txt}{space 10}1992  {c |}{col 17}{res}{space 2} 1.035381{col 29}{space 2}  1.99631{col 40}{space 1}    0.52{col 49}{space 3}0.604{col 57}{space 4}-2.882173{col 70}{space 3} 4.952934
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} .9536567{col 29}{space 2} 2.387806{col 40}{space 1}    0.40{col 49}{space 3}0.690{col 57}{space 4}-3.732167{col 70}{space 3} 5.639481
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} 1.893167{col 29}{space 2} 1.819946{col 40}{space 1}    1.04{col 49}{space 3}0.298{col 57}{space 4} -1.67829{col 70}{space 3} 5.464624
{txt}{space 10}1995  {c |}{col 17}{res}{space 2}-2.063514{col 29}{space 2} 2.621067{col 40}{space 1}   -0.79{col 49}{space 3}0.431{col 57}{space 4}-7.207088{col 70}{space 3} 3.080061
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} 1.198047{col 29}{space 2} 1.851333{col 40}{space 1}    0.65{col 49}{space 3}0.518{col 57}{space 4}-2.435005{col 70}{space 3} 4.831099
{txt}{space 10}1997  {c |}{col 17}{res}{space 2} .2097099{col 29}{space 2} 2.259971{col 40}{space 1}    0.09{col 49}{space 3}0.926{col 57}{space 4}-4.225252{col 70}{space 3} 4.644671
{txt}{space 10}1998  {c |}{col 17}{res}{space 2} 1.515157{col 29}{space 2} 2.141173{col 40}{space 1}    0.71{col 49}{space 3}0.479{col 57}{space 4}-2.686676{col 70}{space 3}  5.71699
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 1.584695{col 29}{space 2} 2.420603{col 40}{space 1}    0.65{col 49}{space 3}0.513{col 57}{space 4}-3.165489{col 70}{space 3}  6.33488
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 1.780553{col 29}{space 2} 2.347656{col 40}{space 1}    0.76{col 49}{space 3}0.448{col 57}{space 4} -2.82648{col 70}{space 3} 6.387587
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} .5952259{col 29}{space 2} 2.566606{col 40}{space 1}    0.23{col 49}{space 3}0.817{col 57}{space 4}-4.441476{col 70}{space 3} 5.631928
{txt}{space 10}2002  {c |}{col 17}{res}{space 2}  1.35388{col 29}{space 2} 2.438086{col 40}{space 1}    0.56{col 49}{space 3}0.579{col 57}{space 4}-3.430614{col 70}{space 3} 6.138375
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} -.471285{col 29}{space 2} 2.556958{col 40}{space 1}   -0.18{col 49}{space 3}0.854{col 57}{space 4}-5.489053{col 70}{space 3} 4.546483
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 1.347589{col 29}{space 2}  2.47997{col 40}{space 1}    0.54{col 49}{space 3}0.587{col 57}{space 4}-3.519097{col 70}{space 3} 6.214275
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} .0578595{col 29}{space 2} 2.584124{col 40}{space 1}    0.02{col 49}{space 3}0.982{col 57}{space 4}-5.013219{col 70}{space 3} 5.128938
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 1.261976{col 29}{space 2} 2.520293{col 40}{space 1}    0.50{col 49}{space 3}0.617{col 57}{space 4}-3.683842{col 70}{space 3} 6.207793
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} 1.134987{col 29}{space 2} 3.062853{col 40}{space 1}    0.37{col 49}{space 3}0.711{col 57}{space 4}-4.875549{col 70}{space 3} 7.145522
{txt}{space 10}2008  {c |}{col 17}{res}{space 2} .6998224{col 29}{space 2} 2.709735{col 40}{space 1}    0.26{col 49}{space 3}0.796{col 57}{space 4}-4.617754{col 70}{space 3} 6.017399
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-3.214401{col 29}{space 2} 3.009842{col 40}{space 1}   -1.07{col 49}{space 3}0.286{col 57}{space 4}-9.120909{col 70}{space 3} 2.692106
{txt}{space 10}2010  {c |}{col 17}{res}{space 2}-4.257583{col 29}{space 2} 3.471841{col 40}{space 1}   -1.23{col 49}{space 3}0.220{col 57}{space 4}-11.07072{col 70}{space 3}  2.55555
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 27.51587{col 29}{space 2} 6.613298{col 40}{space 1}    4.16{col 49}{space 3}0.000{col 57}{space 4} 14.53796{col 70}{space 3} 40.49379
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. predict klarnerranneyhatallpost if year>1980 & nonsouth==1
{txt}(option xb assumed; fitted values)
(2,291 missing values generated)

{com}. 
. * 
. 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.klarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney = 0{p_end}

{txt}       F(  1,   976) ={res}   96.01
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.klarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranney = 0{p_end}

{txt}       F(  2,   976) ={res}   48.10
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann  +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0009118{col 26}{space 2} .0012702{col 37}{space 1}   -0.72{col 46}{space 3}0.473{col 54}{space 4}-.0034044{col 67}{space 3} .0015807
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-.0009025{col 26}{space 2} .0012155{col 37}{space 1}   -0.74{col 46}{space 3}0.458{col 54}{space 4}-.0032848{col 67}{space 3} .0014798
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. sum real_pc_inc_ann  klarnerranney  if klarnerranneyhatallpost!=. & year > 1980 & nonsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 10349.35       9970.614
{txt} 5%    {res} 11360.71       10079.15
{txt}10%    {res} 12081.45        10212.7       {txt}Obs         {res}      1,048
{txt}25%    {res} 13630.93       10259.88       {txt}Sum of Wgt. {res}      1,048

{txt}50%    {res} 15738.48                      {txt}Mean          {res}  15865.2
                        {txt}Largest       Std. Dev.     {res}   3005.2
{txt}75%    {res} 17661.71       24873.97
{txt}90%    {res} 19728.37       25955.62       {txt}Variance      {res}  9031227
{txt}95%    {res} 21049.77       26455.53       {txt}Skewness      {res}   .53443
{txt}99%    {res} 24217.59       26940.36       {txt}Kurtosis      {res} 3.182193

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res} 21.72549       19.76471
{txt} 5%    {res}       32       19.76471
{txt}10%    {res}       44       19.84314       {txt}Obs         {res}      1,048
{txt}25%    {res} 65.40031       19.84314       {txt}Sum of Wgt. {res}      1,048

{txt}50%    {res} 81.80003                      {txt}Mean          {res} 76.06895
                        {txt}Largest       Std. Dev.     {res} 19.67003
{txt}75%    {res} 91.25554            100
{txt}90%    {res} 96.73892            100       {txt}Variance      {res} 386.9103
{txt}95%    {res} 98.27586            100       {txt}Skewness      {res}-1.065924
{txt}99%    {res} 99.43503            100       {txt}Kurtosis      {res}  3.34905
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  real_pc_inc_ann ON klarnerranney:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*17661.71   -  (_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*13630.93

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*17661.71 - (_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*13630.93

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-3.637871{col 26}{space 2}  4.89935{col 37}{space 1}   -0.74{col 46}{space 3}0.458{col 54}{space 4}-13.24042{col 67}{space 3} 5.964677
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. restore
{txt}
{com}. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. preserve
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. *** II.A: SOUTHERN STATES (N = 14): FULL TIME PERIOD (1942 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney i.state_fips i.year if nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       910{col 27}-6398.472{col 38}-5848.564{col 49}    86{col 58} 11869.13{col 69} 12283.08
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney    i.state_fips i.year if nonsouth==0, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       910
{txt}maximum lag: {res}8{col 49}{txt}F( 85,       824){col 67}= {res}     53.59
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0638299{col 29}{space 2} .0173964{col 40}{space 1}   -3.67{col 49}{space 3}0.000{col 57}{space 4}-.0979764{col 70}{space 3}-.0296834
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} 1.328851{col 29}{space 2} .4455357{col 40}{space 1}    2.98{col 49}{space 3}0.003{col 57}{space 4} .4543323{col 70}{space 3} 2.203369
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .1637879{col 29}{space 2} .0801149{col 40}{space 1}    2.04{col 49}{space 3}0.041{col 57}{space 4} .0065346{col 70}{space 3} .3210412
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2} .0317693{col 29}{space 2}  .955935{col 40}{space 1}    0.03{col 49}{space 3}0.973{col 57}{space 4}-1.844585{col 70}{space 3} 1.908123
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .1422596{col 29}{space 2} .0627895{col 40}{space 1}    2.27{col 49}{space 3}0.024{col 57}{space 4} .0190135{col 70}{space 3} .2655057
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-1.433779{col 29}{space 2} .8890432{col 40}{space 1}   -1.61{col 49}{space 3}0.107{col 57}{space 4}-3.178835{col 70}{space 3} .3112769
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0571363{col 29}{space 2}  .046741{col 40}{space 1}   -1.22{col 49}{space 3}0.222{col 57}{space 4}-.1488818{col 70}{space 3} .0346092
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.9607607{col 29}{space 2} 1.023637{col 40}{space 1}   -0.94{col 49}{space 3}0.348{col 57}{space 4}-2.970003{col 70}{space 3} 1.048482
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2}-21.27978{col 29}{space 2} 14.84969{col 40}{space 1}   -1.43{col 49}{space 3}0.152{col 57}{space 4}-50.42745{col 70}{space 3} 7.867886
{txt}{space 12}12  {c |}{col 17}{res}{space 2} 109.4456{col 29}{space 2} 38.93795{col 40}{space 1}    2.81{col 49}{space 3}0.005{col 57}{space 4} 33.01639{col 70}{space 3} 185.8749
{txt}{space 12}13  {c |}{col 17}{res}{space 2} 57.20202{col 29}{space 2} 29.52407{col 40}{space 1}    1.94{col 49}{space 3}0.053{col 57}{space 4}-.7492237{col 70}{space 3} 115.1533
{txt}{space 12}21  {c |}{col 17}{res}{space 2}-51.38775{col 29}{space 2} 22.40483{col 40}{space 1}   -2.29{col 49}{space 3}0.022{col 57}{space 4}-95.36501{col 70}{space 3}-7.410495
{txt}{space 12}22  {c |}{col 17}{res}{space 2} 41.07063{col 29}{space 2} 30.04157{col 40}{space 1}    1.37{col 49}{space 3}0.172{col 57}{space 4}-17.89637{col 70}{space 3} 100.0376
{txt}{space 12}28  {c |}{col 17}{res}{space 2}-74.45667{col 29}{space 2} 25.51803{col 40}{space 1}   -2.92{col 49}{space 3}0.004{col 57}{space 4}-124.5447{col 70}{space 3}-24.36869
{txt}{space 12}37  {c |}{col 17}{res}{space 2} 33.94402{col 29}{space 2} 23.92149{col 40}{space 1}    1.42{col 49}{space 3}0.156{col 57}{space 4} -13.0102{col 70}{space 3} 80.89824
{txt}{space 12}40  {c |}{col 17}{res}{space 2} 21.20848{col 29}{space 2} 29.43427{col 40}{space 1}    0.72{col 49}{space 3}0.471{col 57}{space 4}-36.56649{col 70}{space 3} 78.98346
{txt}{space 12}45  {c |}{col 17}{res}{space 2}-19.74238{col 29}{space 2} 18.74506{col 40}{space 1}   -1.05{col 49}{space 3}0.293{col 57}{space 4}-56.53607{col 70}{space 3} 17.05131
{txt}{space 12}47  {c |}{col 17}{res}{space 2}-13.89125{col 29}{space 2} 22.88577{col 40}{space 1}   -0.61{col 49}{space 3}0.544{col 57}{space 4}-58.81252{col 70}{space 3} 31.03001
{txt}{space 12}48  {c |}{col 17}{res}{space 2} 98.03439{col 29}{space 2} 33.48838{col 40}{space 1}    2.93{col 49}{space 3}0.004{col 57}{space 4} 32.30182{col 70}{space 3}  163.767
{txt}{space 12}51  {c |}{col 17}{res}{space 2} 186.1981{col 29}{space 2} 46.15518{col 40}{space 1}    4.03{col 49}{space 3}0.000{col 57}{space 4} 95.60254{col 70}{space 3} 276.7937
{txt}{space 12}54  {c |}{col 17}{res}{space 2}-63.37822{col 29}{space 2} 22.91741{col 40}{space 1}   -2.77{col 49}{space 3}0.006{col 57}{space 4}-108.3616{col 70}{space 3}-18.39485
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1947  {c |}{col 17}{res}{space 2} 116.0069{col 29}{space 2} 82.90889{col 40}{space 1}    1.40{col 49}{space 3}0.162{col 57}{space 4} -46.7306{col 70}{space 3} 278.7444
{txt}{space 10}1948  {c |}{col 17}{res}{space 2} 654.8856{col 29}{space 2} 68.22751{col 40}{space 1}    9.60{col 49}{space 3}0.000{col 57}{space 4} 520.9655{col 70}{space 3} 788.8058
{txt}{space 10}1949  {c |}{col 17}{res}{space 2} 370.9841{col 29}{space 2} 101.4341{col 40}{space 1}    3.66{col 49}{space 3}0.000{col 57}{space 4} 171.8845{col 70}{space 3} 570.0838
{txt}{space 10}1950  {c |}{col 17}{res}{space 2} 595.0307{col 29}{space 2} 71.65821{col 40}{space 1}    8.30{col 49}{space 3}0.000{col 57}{space 4} 454.3766{col 70}{space 3} 735.6848
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 565.4491{col 29}{space 2} 65.21941{col 40}{space 1}    8.67{col 49}{space 3}0.000{col 57}{space 4} 437.4334{col 70}{space 3} 693.4649
{txt}{space 10}1952  {c |}{col 17}{res}{space 2} 541.8254{col 29}{space 2} 59.81123{col 40}{space 1}    9.06{col 49}{space 3}0.000{col 57}{space 4} 424.4251{col 70}{space 3} 659.2257
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 563.5286{col 29}{space 2} 60.56787{col 40}{space 1}    9.30{col 49}{space 3}0.000{col 57}{space 4} 444.6431{col 70}{space 3}  682.414
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 363.0258{col 29}{space 2} 56.94619{col 40}{space 1}    6.37{col 49}{space 3}0.000{col 57}{space 4} 251.2491{col 70}{space 3} 474.8024
{txt}{space 10}1955  {c |}{col 17}{res}{space 2} 781.6341{col 29}{space 2} 60.34049{col 40}{space 1}   12.95{col 49}{space 3}0.000{col 57}{space 4} 663.1949{col 70}{space 3} 900.0732
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 653.3924{col 29}{space 2} 72.14704{col 40}{space 1}    9.06{col 49}{space 3}0.000{col 57}{space 4} 511.7788{col 70}{space 3}  795.006
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 390.9556{col 29}{space 2} 66.80544{col 40}{space 1}    5.85{col 49}{space 3}0.000{col 57}{space 4} 259.8267{col 70}{space 3} 522.0845
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 504.8707{col 29}{space 2} 66.56894{col 40}{space 1}    7.58{col 49}{space 3}0.000{col 57}{space 4} 374.2061{col 70}{space 3} 635.5354
{txt}{space 10}1959  {c |}{col 17}{res}{space 2} 699.9284{col 29}{space 2} 59.56561{col 40}{space 1}   11.75{col 49}{space 3}0.000{col 57}{space 4} 583.0103{col 70}{space 3} 816.8466
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 465.4706{col 29}{space 2} 63.58804{col 40}{space 1}    7.32{col 49}{space 3}0.000{col 57}{space 4}  340.657{col 70}{space 3} 590.2842
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 609.5983{col 29}{space 2} 65.03928{col 40}{space 1}    9.37{col 49}{space 3}0.000{col 57}{space 4} 481.9361{col 70}{space 3} 737.2605
{txt}{space 10}1962  {c |}{col 17}{res}{space 2} 690.9178{col 29}{space 2} 62.02986{col 40}{space 1}   11.14{col 49}{space 3}0.000{col 57}{space 4} 569.1627{col 70}{space 3} 812.6729
{txt}{space 10}1963  {c |}{col 17}{res}{space 2} 692.0933{col 29}{space 2} 65.11367{col 40}{space 1}   10.63{col 49}{space 3}0.000{col 57}{space 4} 564.2852{col 70}{space 3} 819.9015
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 791.3147{col 29}{space 2} 63.86216{col 40}{space 1}   12.39{col 49}{space 3}0.000{col 57}{space 4} 665.9631{col 70}{space 3} 916.6664
{txt}{space 10}1965  {c |}{col 17}{res}{space 2} 850.8611{col 29}{space 2} 66.79473{col 40}{space 1}   12.74{col 49}{space 3}0.000{col 57}{space 4} 719.7532{col 70}{space 3} 981.9689
{txt}{space 10}1966  {c |}{col 17}{res}{space 2} 846.4199{col 29}{space 2} 72.10176{col 40}{space 1}   11.74{col 49}{space 3}0.000{col 57}{space 4} 704.8951{col 70}{space 3} 987.9446
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 831.3372{col 29}{space 2} 71.39968{col 40}{space 1}   11.64{col 49}{space 3}0.000{col 57}{space 4} 691.1906{col 70}{space 3} 971.4839
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 898.4975{col 29}{space 2}   73.899{col 40}{space 1}   12.16{col 49}{space 3}0.000{col 57}{space 4}  753.445{col 70}{space 3}  1043.55
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 860.9438{col 29}{space 2} 84.23327{col 40}{space 1}   10.22{col 49}{space 3}0.000{col 57}{space 4} 695.6068{col 70}{space 3} 1026.281
{txt}{space 10}1970  {c |}{col 17}{res}{space 2} 736.4304{col 29}{space 2} 83.71178{col 40}{space 1}    8.80{col 49}{space 3}0.000{col 57}{space 4}  572.117{col 70}{space 3} 900.7438
{txt}{space 10}1971  {c |}{col 17}{res}{space 2}  855.392{col 29}{space 2} 80.69104{col 40}{space 1}   10.60{col 49}{space 3}0.000{col 57}{space 4} 697.0078{col 70}{space 3} 1013.776
{txt}{space 10}1972  {c |}{col 17}{res}{space 2} 1158.699{col 29}{space 2} 90.02181{col 40}{space 1}   12.87{col 49}{space 3}0.000{col 57}{space 4} 982.0002{col 70}{space 3} 1335.398
{txt}{space 10}1973  {c |}{col 17}{res}{space 2} 1075.961{col 29}{space 2} 105.1977{col 40}{space 1}   10.23{col 49}{space 3}0.000{col 57}{space 4} 869.4737{col 70}{space 3} 1282.448
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 493.9369{col 29}{space 2} 106.4778{col 40}{space 1}    4.64{col 49}{space 3}0.000{col 57}{space 4} 284.9372{col 70}{space 3} 702.9367
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 629.3535{col 29}{space 2}  105.907{col 40}{space 1}    5.94{col 49}{space 3}0.000{col 57}{space 4} 421.4743{col 70}{space 3} 837.2327
{txt}{space 10}1976  {c |}{col 17}{res}{space 2} 1189.315{col 29}{space 2} 106.3093{col 40}{space 1}   11.19{col 49}{space 3}0.000{col 57}{space 4} 980.6463{col 70}{space 3} 1397.984
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 969.2213{col 29}{space 2} 123.4682{col 40}{space 1}    7.85{col 49}{space 3}0.000{col 57}{space 4} 726.8722{col 70}{space 3}  1211.57
{txt}{space 10}1978  {c |}{col 17}{res}{space 2} 1079.011{col 29}{space 2} 116.8115{col 40}{space 1}    9.24{col 49}{space 3}0.000{col 57}{space 4} 849.7276{col 70}{space 3} 1308.294
{txt}{space 10}1979  {c |}{col 17}{res}{space 2} 719.1624{col 29}{space 2} 123.6468{col 40}{space 1}    5.82{col 49}{space 3}0.000{col 57}{space 4} 476.4625{col 70}{space 3} 961.8622
{txt}{space 10}1980  {c |}{col 17}{res}{space 2} 479.9683{col 29}{space 2} 125.9704{col 40}{space 1}    3.81{col 49}{space 3}0.000{col 57}{space 4} 232.7077{col 70}{space 3} 727.2289
{txt}{space 10}1981  {c |}{col 17}{res}{space 2} 1015.939{col 29}{space 2} 128.3511{col 40}{space 1}    7.92{col 49}{space 3}0.000{col 57}{space 4} 764.0053{col 70}{space 3} 1267.873
{txt}{space 10}1982  {c |}{col 17}{res}{space 2} 809.2487{col 29}{space 2} 131.5696{col 40}{space 1}    6.15{col 49}{space 3}0.000{col 57}{space 4} 550.9977{col 70}{space 3}   1067.5
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} 951.8082{col 29}{space 2} 140.0041{col 40}{space 1}    6.80{col 49}{space 3}0.000{col 57}{space 4} 677.0015{col 70}{space 3} 1226.615
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} 1331.772{col 29}{space 2} 126.1043{col 40}{space 1}   10.56{col 49}{space 3}0.000{col 57}{space 4} 1084.248{col 70}{space 3} 1579.295
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 964.5074{col 29}{space 2}   134.99{col 40}{space 1}    7.15{col 49}{space 3}0.000{col 57}{space 4} 699.5426{col 70}{space 3} 1229.472
{txt}{space 10}1986  {c |}{col 17}{res}{space 2} 978.9615{col 29}{space 2} 134.2151{col 40}{space 1}    7.29{col 49}{space 3}0.000{col 57}{space 4} 715.5179{col 70}{space 3} 1242.405
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} 932.9917{col 29}{space 2} 134.2902{col 40}{space 1}    6.95{col 49}{space 3}0.000{col 57}{space 4} 669.4006{col 70}{space 3} 1196.583
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} 1161.491{col 29}{space 2} 133.2912{col 40}{space 1}    8.71{col 49}{space 3}0.000{col 57}{space 4} 899.8611{col 70}{space 3} 1423.122
{txt}{space 10}1989  {c |}{col 17}{res}{space 2}  1085.19{col 29}{space 2} 144.8825{col 40}{space 1}    7.49{col 49}{space 3}0.000{col 57}{space 4} 800.8079{col 70}{space 3} 1369.572
{txt}{space 10}1990  {c |}{col 17}{res}{space 2} 828.7254{col 29}{space 2} 147.4974{col 40}{space 1}    5.62{col 49}{space 3}0.000{col 57}{space 4} 539.2106{col 70}{space 3}  1118.24
{txt}{space 10}1991  {c |}{col 17}{res}{space 2}  797.171{col 29}{space 2} 144.8647{col 40}{space 1}    5.50{col 49}{space 3}0.000{col 57}{space 4} 512.8238{col 70}{space 3} 1081.518
{txt}{space 10}1992  {c |}{col 17}{res}{space 2}  1236.32{col 29}{space 2} 144.6111{col 40}{space 1}    8.55{col 49}{space 3}0.000{col 57}{space 4} 952.4706{col 70}{space 3}  1520.17
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} 942.8675{col 29}{space 2} 156.6774{col 40}{space 1}    6.02{col 49}{space 3}0.000{col 57}{space 4} 635.3338{col 70}{space 3} 1250.401
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} 1112.635{col 29}{space 2} 151.1653{col 40}{space 1}    7.36{col 49}{space 3}0.000{col 57}{space 4} 815.9203{col 70}{space 3} 1409.349
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 1071.543{col 29}{space 2} 155.0921{col 40}{space 1}    6.91{col 49}{space 3}0.000{col 57}{space 4} 767.1205{col 70}{space 3} 1375.965
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} 1101.267{col 29}{space 2} 153.3017{col 40}{space 1}    7.18{col 49}{space 3}0.000{col 57}{space 4} 800.3595{col 70}{space 3} 1402.175
{txt}{space 10}1997  {c |}{col 17}{res}{space 2} 1197.978{col 29}{space 2} 158.5375{col 40}{space 1}    7.56{col 49}{space 3}0.000{col 57}{space 4}  886.793{col 70}{space 3} 1509.163
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}  1431.42{col 29}{space 2} 160.9604{col 40}{space 1}    8.89{col 49}{space 3}0.000{col 57}{space 4}  1115.48{col 70}{space 3} 1747.361
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 1059.435{col 29}{space 2} 168.4379{col 40}{space 1}    6.29{col 49}{space 3}0.000{col 57}{space 4} 728.8169{col 70}{space 3} 1390.053
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 1289.219{col 29}{space 2} 170.1255{col 40}{space 1}    7.58{col 49}{space 3}0.000{col 57}{space 4} 955.2891{col 70}{space 3}  1623.15
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} 1129.136{col 29}{space 2} 184.5012{col 40}{space 1}    6.12{col 49}{space 3}0.000{col 57}{space 4} 766.9883{col 70}{space 3} 1491.284
{txt}{space 10}2002  {c |}{col 17}{res}{space 2} 929.6721{col 29}{space 2} 179.0084{col 40}{space 1}    5.19{col 49}{space 3}0.000{col 57}{space 4}  578.306{col 70}{space 3} 1281.038
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 1097.931{col 29}{space 2}  170.866{col 40}{space 1}    6.43{col 49}{space 3}0.000{col 57}{space 4} 762.5469{col 70}{space 3} 1433.314
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 1384.155{col 29}{space 2} 186.9451{col 40}{space 1}    7.40{col 49}{space 3}0.000{col 57}{space 4} 1017.211{col 70}{space 3}   1751.1
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 1241.882{col 29}{space 2} 193.5085{col 40}{space 1}    6.42{col 49}{space 3}0.000{col 57}{space 4} 862.0546{col 70}{space 3}  1621.71
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 1439.437{col 29}{space 2} 211.2004{col 40}{space 1}    6.82{col 49}{space 3}0.000{col 57}{space 4} 1024.883{col 70}{space 3} 1853.991
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} 1285.716{col 29}{space 2}  191.277{col 40}{space 1}    6.72{col 49}{space 3}0.000{col 57}{space 4} 910.2686{col 70}{space 3} 1661.164
{txt}{space 10}2008  {c |}{col 17}{res}{space 2} 1094.254{col 29}{space 2} 233.4078{col 40}{space 1}    4.69{col 49}{space 3}0.000{col 57}{space 4} 636.1107{col 70}{space 3} 1552.398
{txt}{space 10}2009  {c |}{col 17}{res}{space 2} 402.7544{col 29}{space 2} 216.0186{col 40}{space 1}    1.86{col 49}{space 3}0.063{col 57}{space 4} -21.2571{col 70}{space 3} 826.7659
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} 1352.287{col 29}{space 2} 202.6336{col 40}{space 1}    6.67{col 49}{space 3}0.000{col 57}{space 4} 954.5484{col 70}{space 3} 1750.026
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-183.2119{col 29}{space 2} 78.67702{col 40}{space 1}   -2.33{col 49}{space 3}0.020{col 57}{space 4}-337.6429{col 70}{space 3}-28.78092
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   824) ={res}   13.46
{txt}{col 13}Prob > F ={res}    0.0003
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   824) ={res}    7.17
{txt}{col 13}Prob > F ={res}    0.0008
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -2.36277{col 26}{space 2} 1.994223{col 37}{space 1}   -1.18{col 46}{space 3}0.236{col 54}{space 4}-6.277126{col 67}{space 3} 1.551585
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 20.81864{col 26}{space 2} 5.699762{col 37}{space 1}    3.65{col 46}{space 3}0.000{col 54}{space 4} 9.647308{col 67}{space 3} 31.98996
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. *
. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. qui regress d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann i.state_fips i.year if nonsouth==0
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       910{col 27}-311.1313{col 38}-158.1475{col 49}    86{col 58} 488.2951{col 69} 902.2513
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. *
. 
. newey d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if nonsouth==0, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       910
{txt}maximum lag: {res}8{col 49}{txt}F( 85,       824){col 67}= {res}      4.12
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.              {col 18}{c |}{col 30}  Newey-West
{col 1}ihsklarnerranney{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      t{col 50}   P>|t|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
ihsklarnerranney {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0540902{col 30}{space 2}  .014517{col 41}{space 1}   -3.73{col 50}{space 3}0.000{col 58}{space 4} -.082585{col 71}{space 3}-.0255955
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0000299{col 30}{space 2} .0000143{col 41}{space 1}   -2.09{col 50}{space 3}0.037{col 58}{space 4}-.0000578{col 71}{space 3}-1.88e-06
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 13}LD. {c |}{col 18}{res}{space 2}-.0359389{col 30}{space 2} .0539276{col 41}{space 1}   -0.67{col 50}{space 3}0.505{col 58}{space 4}-.1417906{col 71}{space 3} .0699128
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}D1. {c |}{col 18}{res}{space 2}-.0000634{col 30}{space 2} .0000491{col 41}{space 1}   -1.29{col 50}{space 3}0.198{col 58}{space 4}-.0001598{col 71}{space 3} .0000331
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2}-.2590229{col 30}{space 2} .0471071{col 41}{space 1}   -5.50{col 50}{space 3}0.000{col 58}{space 4} -.351487{col 71}{space 3}-.1665588
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}LD. {c |}{col 18}{res}{space 2} .0000707{col 30}{space 2} .0000551{col 41}{space 1}    1.28{col 50}{space 3}0.200{col 58}{space 4}-.0000374{col 71}{space 3} .0001788
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L3D. {c |}{col 18}{res}{space 2}-.1156025{col 30}{space 2} .0446475{col 41}{space 1}   -2.59{col 50}{space 3}0.010{col 58}{space 4}-.2032387{col 71}{space 3}-.0279663
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2} .0000509{col 30}{space 2} .0000569{col 41}{space 1}    0.90{col 50}{space 3}0.371{col 58}{space 4}-.0000607{col 71}{space 3} .0001626
{txt}{space 16} {c |}
{space 6}state_fips {c |}
{space 14}5  {c |}{col 18}{res}{space 2}-.0247439{col 30}{space 2} .0673023{col 41}{space 1}   -0.37{col 50}{space 3}0.713{col 58}{space 4}-.1568481{col 71}{space 3} .1073602
{txt}{space 13}12  {c |}{col 18}{res}{space 2} .1539859{col 30}{space 2} .0884064{col 41}{space 1}    1.74{col 50}{space 3}0.082{col 58}{space 4}-.0195423{col 71}{space 3} .3275141
{txt}{space 13}13  {c |}{col 18}{res}{space 2} .0699058{col 30}{space 2} .0648054{col 41}{space 1}    1.08{col 50}{space 3}0.281{col 58}{space 4}-.0572972{col 71}{space 3} .1971089
{txt}{space 13}21  {c |}{col 18}{res}{space 2} .0426498{col 30}{space 2} .0628032{col 41}{space 1}    0.68{col 50}{space 3}0.497{col 58}{space 4}-.0806232{col 71}{space 3} .1659229
{txt}{space 13}22  {c |}{col 18}{res}{space 2} .0298601{col 30}{space 2} .0646529{col 41}{space 1}    0.46{col 50}{space 3}0.644{col 58}{space 4}-.0970436{col 71}{space 3} .1567637
{txt}{space 13}28  {c |}{col 18}{res}{space 2}-.0146408{col 30}{space 2} .0658995{col 41}{space 1}   -0.22{col 50}{space 3}0.824{col 58}{space 4}-.1439914{col 71}{space 3} .1147098
{txt}{space 13}37  {c |}{col 18}{res}{space 2} .0540254{col 30}{space 2} .0627638{col 41}{space 1}    0.86{col 50}{space 3}0.390{col 58}{space 4}-.0691703{col 71}{space 3} .1772212
{txt}{space 13}40  {c |}{col 18}{res}{space 2} .0613225{col 30}{space 2} .0637443{col 41}{space 1}    0.96{col 50}{space 3}0.336{col 58}{space 4}-.0637978{col 71}{space 3} .1864429
{txt}{space 13}45  {c |}{col 18}{res}{space 2} .0400343{col 30}{space 2} .0719877{col 41}{space 1}    0.56{col 50}{space 3}0.578{col 58}{space 4}-.1012666{col 71}{space 3} .1813353
{txt}{space 13}47  {c |}{col 18}{res}{space 2} .0672539{col 30}{space 2} .0643657{col 41}{space 1}    1.04{col 50}{space 3}0.296{col 58}{space 4}-.0590862{col 71}{space 3}  .193594
{txt}{space 13}48  {c |}{col 18}{res}{space 2} .0893615{col 30}{space 2} .0711958{col 41}{space 1}    1.26{col 50}{space 3}0.210{col 58}{space 4} -.050385{col 71}{space 3} .2291081
{txt}{space 13}51  {c |}{col 18}{res}{space 2} .1240876{col 30}{space 2} .0720839{col 41}{space 1}    1.72{col 50}{space 3}0.086{col 58}{space 4}-.0174021{col 71}{space 3} .2655773
{txt}{space 13}54  {c |}{col 18}{res}{space 2} .0095462{col 30}{space 2} .0644966{col 41}{space 1}    0.15{col 50}{space 3}0.882{col 58}{space 4}-.1170507{col 71}{space 3} .1361431
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1947  {c |}{col 18}{res}{space 2}-.0048917{col 30}{space 2} .0820902{col 41}{space 1}   -0.06{col 50}{space 3}0.952{col 58}{space 4}-.1660221{col 71}{space 3} .1562388
{txt}{space 11}1948  {c |}{col 18}{res}{space 2} .0218641{col 30}{space 2} .0771124{col 41}{space 1}    0.28{col 50}{space 3}0.777{col 58}{space 4}-.1294957{col 71}{space 3} .1732239
{txt}{space 11}1949  {c |}{col 18}{res}{space 2}-.1937278{col 30}{space 2} .1016412{col 41}{space 1}   -1.91{col 50}{space 3}0.057{col 58}{space 4}-.3932339{col 71}{space 3} .0057783
{txt}{space 11}1950  {c |}{col 18}{res}{space 2}-.0628053{col 30}{space 2} .0685741{col 41}{space 1}   -0.92{col 50}{space 3}0.360{col 58}{space 4}-.1974059{col 71}{space 3} .0717952
{txt}{space 11}1951  {c |}{col 18}{res}{space 2} .0498761{col 30}{space 2} .1760188{col 41}{space 1}    0.28{col 50}{space 3}0.777{col 58}{space 4}-.2956219{col 71}{space 3} .3953741
{txt}{space 11}1952  {c |}{col 18}{res}{space 2} -.025052{col 30}{space 2} .0595033{col 41}{space 1}   -0.42{col 50}{space 3}0.674{col 58}{space 4}-.1418478{col 71}{space 3} .0917438
{txt}{space 11}1953  {c |}{col 18}{res}{space 2} .1936674{col 30}{space 2} .1355861{col 41}{space 1}    1.43{col 50}{space 3}0.154{col 58}{space 4}-.0724674{col 71}{space 3} .4598022
{txt}{space 11}1954  {c |}{col 18}{res}{space 2} .0016912{col 30}{space 2} .0608134{col 41}{space 1}    0.03{col 50}{space 3}0.978{col 58}{space 4}-.1176762{col 71}{space 3} .1210586
{txt}{space 11}1955  {c |}{col 18}{res}{space 2} .0404195{col 30}{space 2} .1234327{col 41}{space 1}    0.33{col 50}{space 3}0.743{col 58}{space 4}  -.20186{col 71}{space 3}  .282699
{txt}{space 11}1956  {c |}{col 18}{res}{space 2} .0249267{col 30}{space 2} .0754222{col 41}{space 1}    0.33{col 50}{space 3}0.741{col 58}{space 4}-.1231154{col 71}{space 3} .1729689
{txt}{space 11}1957  {c |}{col 18}{res}{space 2} .0075007{col 30}{space 2} .0817221{col 41}{space 1}    0.09{col 50}{space 3}0.927{col 58}{space 4}-.1529073{col 71}{space 3} .1679088
{txt}{space 11}1958  {c |}{col 18}{res}{space 2} .0196952{col 30}{space 2} .0679452{col 41}{space 1}    0.29{col 50}{space 3}0.772{col 58}{space 4}-.1136708{col 71}{space 3} .1530612
{txt}{space 11}1959  {c |}{col 18}{res}{space 2}-.2822686{col 30}{space 2} .1593747{col 41}{space 1}   -1.77{col 50}{space 3}0.077{col 58}{space 4}-.5950967{col 71}{space 3} .0305595
{txt}{space 11}1960  {c |}{col 18}{res}{space 2}-.0278365{col 30}{space 2} .0757634{col 41}{space 1}   -0.37{col 50}{space 3}0.713{col 58}{space 4}-.1765484{col 71}{space 3} .1208753
{txt}{space 11}1961  {c |}{col 18}{res}{space 2}  .115697{col 30}{space 2} .1073322{col 41}{space 1}    1.08{col 50}{space 3}0.281{col 58}{space 4}-.0949798{col 71}{space 3} .3263738
{txt}{space 11}1962  {c |}{col 18}{res}{space 2}  .066958{col 30}{space 2} .1086801{col 41}{space 1}    0.62{col 50}{space 3}0.538{col 58}{space 4}-.1463643{col 71}{space 3} .2802804
{txt}{space 11}1963  {c |}{col 18}{res}{space 2} .4095897{col 30}{space 2} .1386869{col 41}{space 1}    2.95{col 50}{space 3}0.003{col 58}{space 4} .1373684{col 71}{space 3} .6818109
{txt}{space 11}1964  {c |}{col 18}{res}{space 2} .3808832{col 30}{space 2} .1241984{col 41}{space 1}    3.07{col 50}{space 3}0.002{col 58}{space 4} .1371008{col 71}{space 3} .6246657
{txt}{space 11}1965  {c |}{col 18}{res}{space 2} .0569544{col 30}{space 2} .2024526{col 41}{space 1}    0.28{col 50}{space 3}0.779{col 58}{space 4}-.3404292{col 71}{space 3}  .454338
{txt}{space 11}1966  {c |}{col 18}{res}{space 2} .4504379{col 30}{space 2} .1613359{col 41}{space 1}    2.79{col 50}{space 3}0.005{col 58}{space 4} .1337603{col 71}{space 3} .7671156
{txt}{space 11}1967  {c |}{col 18}{res}{space 2} .7995648{col 30}{space 2} .2353927{col 41}{space 1}    3.40{col 50}{space 3}0.001{col 58}{space 4}  .337525{col 71}{space 3} 1.261605
{txt}{space 11}1968  {c |}{col 18}{res}{space 2} .0905933{col 30}{space 2} .2073641{col 41}{space 1}    0.44{col 50}{space 3}0.662{col 58}{space 4}-.3164308{col 71}{space 3} .4976174
{txt}{space 11}1969  {c |}{col 18}{res}{space 2}  .384008{col 30}{space 2} .1363767{col 41}{space 1}    2.82{col 50}{space 3}0.005{col 58}{space 4} .1163214{col 71}{space 3} .6516946
{txt}{space 11}1970  {c |}{col 18}{res}{space 2} .4709675{col 30}{space 2} .1449874{col 41}{space 1}    3.25{col 50}{space 3}0.001{col 58}{space 4} .1863793{col 71}{space 3} .7555557
{txt}{space 11}1971  {c |}{col 18}{res}{space 2} .1156096{col 30}{space 2} .1068759{col 41}{space 1}    1.08{col 50}{space 3}0.280{col 58}{space 4}-.0941714{col 71}{space 3} .3253906
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} .2873143{col 30}{space 2}  .143866{col 41}{space 1}    2.00{col 50}{space 3}0.046{col 58}{space 4} .0049273{col 71}{space 3} .5697014
{txt}{space 11}1973  {c |}{col 18}{res}{space 2} .3713235{col 30}{space 2} .1228371{col 41}{space 1}    3.02{col 50}{space 3}0.003{col 58}{space 4} .1302132{col 71}{space 3} .6124339
{txt}{space 11}1974  {c |}{col 18}{res}{space 2}   .13919{col 30}{space 2}  .107758{col 41}{space 1}    1.29{col 50}{space 3}0.197{col 58}{space 4}-.0723225{col 71}{space 3} .3507024
{txt}{space 11}1975  {c |}{col 18}{res}{space 2}-.0721926{col 30}{space 2} .1864592{col 41}{space 1}   -0.39{col 50}{space 3}0.699{col 58}{space 4}-.4381836{col 71}{space 3} .2937984
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} .2201919{col 30}{space 2} .1372444{col 41}{space 1}    1.60{col 50}{space 3}0.109{col 58}{space 4}-.0491979{col 71}{space 3} .4895817
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} .3152499{col 30}{space 2} .2257069{col 41}{space 1}    1.40{col 50}{space 3}0.163{col 58}{space 4}-.1277782{col 71}{space 3} .7582779
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} .1864712{col 30}{space 2} .1287203{col 41}{space 1}    1.45{col 50}{space 3}0.148{col 58}{space 4} -.066187{col 71}{space 3} .4391294
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} .3990196{col 30}{space 2} .1431029{col 41}{space 1}    2.79{col 50}{space 3}0.005{col 58}{space 4} .1181304{col 71}{space 3} .6799088
{txt}{space 11}1980  {c |}{col 18}{res}{space 2}  .304243{col 30}{space 2} .1181571{col 41}{space 1}    2.57{col 50}{space 3}0.010{col 58}{space 4} .0723187{col 71}{space 3} .5361673
{txt}{space 11}1981  {c |}{col 18}{res}{space 2} .4902176{col 30}{space 2} .1484149{col 41}{space 1}    3.30{col 50}{space 3}0.001{col 58}{space 4} .1989018{col 71}{space 3} .7815335
{txt}{space 11}1982  {c |}{col 18}{res}{space 2} .3266608{col 30}{space 2} .1386687{col 41}{space 1}    2.36{col 50}{space 3}0.019{col 58}{space 4} .0544752{col 71}{space 3} .5988463
{txt}{space 11}1983  {c |}{col 18}{res}{space 2} .3554272{col 30}{space 2} .1810431{col 41}{space 1}    1.96{col 50}{space 3}0.050{col 58}{space 4} .0000673{col 71}{space 3} .7107871
{txt}{space 11}1984  {c |}{col 18}{res}{space 2}  .339055{col 30}{space 2} .1526914{col 41}{space 1}    2.22{col 50}{space 3}0.027{col 58}{space 4} .0393451{col 71}{space 3}  .638765
{txt}{space 11}1985  {c |}{col 18}{res}{space 2} .5618618{col 30}{space 2} .1682615{col 41}{space 1}    3.34{col 50}{space 3}0.001{col 58}{space 4} .2315901{col 71}{space 3} .8921334
{txt}{space 11}1986  {c |}{col 18}{res}{space 2} .2888049{col 30}{space 2} .1365286{col 41}{space 1}    2.12{col 50}{space 3}0.035{col 58}{space 4} .0208202{col 71}{space 3} .5567897
{txt}{space 11}1987  {c |}{col 18}{res}{space 2} .4923342{col 30}{space 2} .1603294{col 41}{space 1}    3.07{col 50}{space 3}0.002{col 58}{space 4}  .177632{col 71}{space 3} .8070363
{txt}{space 11}1988  {c |}{col 18}{res}{space 2} .3871247{col 30}{space 2} .1526812{col 41}{space 1}    2.54{col 50}{space 3}0.011{col 58}{space 4} .0874347{col 71}{space 3} .6868146
{txt}{space 11}1989  {c |}{col 18}{res}{space 2} .4284972{col 30}{space 2} .1648618{col 41}{space 1}    2.60{col 50}{space 3}0.010{col 58}{space 4} .1048986{col 71}{space 3} .7520958
{txt}{space 11}1990  {c |}{col 18}{res}{space 2} .3669457{col 30}{space 2} .1516519{col 41}{space 1}    2.42{col 50}{space 3}0.016{col 58}{space 4} .0692763{col 71}{space 3} .6646151
{txt}{space 11}1991  {c |}{col 18}{res}{space 2}  .380049{col 30}{space 2} .1589718{col 41}{space 1}    2.39{col 50}{space 3}0.017{col 58}{space 4} .0680117{col 71}{space 3} .6920863
{txt}{space 11}1992  {c |}{col 18}{res}{space 2} .4340407{col 30}{space 2} .1727838{col 41}{space 1}    2.51{col 50}{space 3}0.012{col 58}{space 4} .0948924{col 71}{space 3} .7731889
{txt}{space 11}1993  {c |}{col 18}{res}{space 2} .4371343{col 30}{space 2} .1707248{col 41}{space 1}    2.56{col 50}{space 3}0.011{col 58}{space 4} .1020276{col 71}{space 3} .7722411
{txt}{space 11}1994  {c |}{col 18}{res}{space 2} .4116297{col 30}{space 2} .1646672{col 41}{space 1}    2.50{col 50}{space 3}0.013{col 58}{space 4} .0884131{col 71}{space 3} .7348464
{txt}{space 11}1995  {c |}{col 18}{res}{space 2} .6248522{col 30}{space 2}  .172001{col 41}{space 1}    3.63{col 50}{space 3}0.000{col 58}{space 4} .2872405{col 71}{space 3} .9624639
{txt}{space 11}1996  {c |}{col 18}{res}{space 2} .4719758{col 30}{space 2} .1741107{col 41}{space 1}    2.71{col 50}{space 3}0.007{col 58}{space 4} .1302231{col 71}{space 3} .8137284
{txt}{space 11}1997  {c |}{col 18}{res}{space 2} .4871931{col 30}{space 2} .1755504{col 41}{space 1}    2.78{col 50}{space 3}0.006{col 58}{space 4} .1426145{col 71}{space 3} .8317716
{txt}{space 11}1998  {c |}{col 18}{res}{space 2} .4673649{col 30}{space 2} .1841134{col 41}{space 1}    2.54{col 50}{space 3}0.011{col 58}{space 4} .1059784{col 71}{space 3} .8287513
{txt}{space 11}1999  {c |}{col 18}{res}{space 2} .3835387{col 30}{space 2} .1824957{col 41}{space 1}    2.10{col 50}{space 3}0.036{col 58}{space 4} .0253276{col 71}{space 3} .7417499
{txt}{space 11}2000  {c |}{col 18}{res}{space 2} .4335013{col 30}{space 2} .1836091{col 41}{space 1}    2.36{col 50}{space 3}0.018{col 58}{space 4} .0731047{col 71}{space 3} .7938979
{txt}{space 11}2001  {c |}{col 18}{res}{space 2} .4613836{col 30}{space 2} .1922178{col 41}{space 1}    2.40{col 50}{space 3}0.017{col 58}{space 4} .0840894{col 71}{space 3} .8386779
{txt}{space 11}2002  {c |}{col 18}{res}{space 2} .4166294{col 30}{space 2} .1858298{col 41}{space 1}    2.24{col 50}{space 3}0.025{col 58}{space 4}  .051874{col 71}{space 3} .7813849
{txt}{space 11}2003  {c |}{col 18}{res}{space 2} .5154158{col 30}{space 2} .1973532{col 41}{space 1}    2.61{col 50}{space 3}0.009{col 58}{space 4} .1280417{col 71}{space 3} .9027899
{txt}{space 11}2004  {c |}{col 18}{res}{space 2} .4979072{col 30}{space 2} .2075252{col 41}{space 1}    2.40{col 50}{space 3}0.017{col 58}{space 4} .0905669{col 71}{space 3} .9052474
{txt}{space 11}2005  {c |}{col 18}{res}{space 2} .4918891{col 30}{space 2}   .20507{col 41}{space 1}    2.40{col 50}{space 3}0.017{col 58}{space 4}  .089368{col 71}{space 3} .8944101
{txt}{space 11}2006  {c |}{col 18}{res}{space 2} .4892833{col 30}{space 2} .2053212{col 41}{space 1}    2.38{col 50}{space 3}0.017{col 58}{space 4} .0862692{col 71}{space 3} .8922974
{txt}{space 11}2007  {c |}{col 18}{res}{space 2} .4780676{col 30}{space 2} .2083702{col 41}{space 1}    2.29{col 50}{space 3}0.022{col 58}{space 4} .0690688{col 71}{space 3} .8870665
{txt}{space 11}2008  {c |}{col 18}{res}{space 2}  .488327{col 30}{space 2} .2018157{col 41}{space 1}    2.42{col 50}{space 3}0.016{col 58}{space 4} .0921936{col 71}{space 3} .8844604
{txt}{space 11}2009  {c |}{col 18}{res}{space 2} .4448816{col 30}{space 2} .2002019{col 41}{space 1}    2.22{col 50}{space 3}0.027{col 58}{space 4} .0519158{col 71}{space 3} .8378473
{txt}{space 11}2010  {c |}{col 18}{res}{space 2} .5278039{col 30}{space 2} .2322929{col 41}{space 1}    2.27{col 50}{space 3}0.023{col 58}{space 4} .0718485{col 71}{space 3} .9837593
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .2068132{col 30}{space 2} .0957209{col 41}{space 1}    2.16{col 50}{space 3}0.031{col 58}{space 4} .0189277{col 71}{space 3} .3946987
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict ihsklarnerranneyhatallfull if nonsouth==0
{txt}(option xb assumed; fitted values)
(2,429 missing values generated)

{com}. 
. 
. 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.ihsklarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney = 0{p_end}

{txt}       F(  1,   824) ={res}   13.88
{txt}{col 13}Prob > F ={res}    0.0002
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.ihsklarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.ihsklarnerranney = 0{p_end}

{txt}       F(  2,   824) ={res}    7.46
{txt}{col 13}Prob > F ={res}    0.0006
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0000583{col 26}{space 2} .0000749{col 37}{space 1}    0.78{col 46}{space 3}0.437{col 54}{space 4}-.0000887{col 67}{space 3} .0002053
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} -.000552{col 26}{space 2} .0002606{col 37}{space 1}   -2.12{col 46}{space 3}0.034{col 54}{space 4}-.0010628{col 67}{space 3}-.0000412
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. 
. *** II.B: SOUTHERN STATES (N = 14): PRE-PARTISAN ALIGNMENT TIME PERIOD (1942 - 1980)***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_tota i.state_fips i.year if year <=1980 & nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       490{col 27}-3409.109{col 38}-3001.379{col 49}    62{col 58} 6126.759{col 69} 6386.812
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_tota i.state_fips i.year if year <=1980 & nonsouth==0, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       490
{txt}maximum lag: {res}6{col 49}{txt}F( 61,       428){col 67}= {res}     39.52
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.1777652{col 34}{space 2} .0520386{col 45}{space 1}   -3.42{col 54}{space 3}0.001{col 62}{space 4}-.2800483{col 75}{space 3}-.0754821
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 2.762056{col 34}{space 2}   .90412{col 45}{space 1}    3.05{col 54}{space 3}0.002{col 62}{space 4} .9849878{col 75}{space 3} 4.539123
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1102974{col 34}{space 2} .0768998{col 45}{space 1}    1.43{col 54}{space 3}0.152{col 62}{space 4}-.0408509{col 75}{space 3} .2614456
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} 1.224941{col 34}{space 2} 1.150748{col 45}{space 1}    1.06{col 54}{space 3}0.288{col 62}{space 4}-1.036881{col 75}{space 3} 3.486762
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.0206628{col 34}{space 2} .0544062{col 45}{space 1}   -0.38{col 54}{space 3}0.704{col 62}{space 4}-.1275994{col 75}{space 3} .0862738
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}-.8297234{col 34}{space 2} .9230035{col 45}{space 1}   -0.90{col 54}{space 3}0.369{col 62}{space 4}-2.643907{col 75}{space 3} .9844604
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.1037002{col 34}{space 2} .0536466{col 45}{space 1}   -1.93{col 54}{space 3}0.054{col 62}{space 4}-.2091438{col 75}{space 3} .0017434
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}-.2828537{col 34}{space 2} 1.039917{col 45}{space 1}   -0.27{col 54}{space 3}0.786{col 62}{space 4}-2.326834{col 75}{space 3} 1.761126
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-138.6269{col 34}{space 2} 209.1715{col 45}{space 1}   -0.66{col 54}{space 3}0.508{col 62}{space 4}-549.7581{col 75}{space 3} 272.5042
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 14.02301{col 34}{space 2} 268.7297{col 45}{space 1}    0.05{col 54}{space 3}0.958{col 62}{space 4}-514.1711{col 75}{space 3} 542.2171
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 19.39489{col 34}{space 2} 39.27103{col 45}{space 1}    0.49{col 54}{space 3}0.622{col 62}{space 4}-57.79319{col 75}{space 3} 96.58297
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 37.61268{col 34}{space 2} 50.23912{col 45}{space 1}    0.75{col 54}{space 3}0.454{col 62}{space 4}-61.13342{col 75}{space 3} 136.3588
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-316.6979{col 34}{space 2} 265.4763{col 45}{space 1}   -1.19{col 54}{space 3}0.234{col 62}{space 4}-838.4975{col 75}{space 3} 205.1017
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 327.6205{col 34}{space 2} 559.9318{col 45}{space 1}    0.59{col 54}{space 3}0.559{col 62}{space 4}-772.9378{col 75}{space 3} 1428.179
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2}-39.14079{col 34}{space 2} 29.64118{col 45}{space 1}   -1.32{col 54}{space 3}0.187{col 62}{space 4}-97.40119{col 75}{space 3} 19.11961
{txt}{space 17}12  {c |}{col 22}{res}{space 2} 274.9332{col 34}{space 2} 90.15272{col 45}{space 1}    3.05{col 54}{space 3}0.002{col 62}{space 4} 97.73608{col 75}{space 3} 452.1304
{txt}{space 17}13  {c |}{col 22}{res}{space 2} 118.4471{col 34}{space 2} 40.83007{col 45}{space 1}    2.90{col 54}{space 3}0.004{col 62}{space 4}  38.1947{col 75}{space 3} 198.6995
{txt}{space 17}21  {c |}{col 22}{res}{space 2}-34.32806{col 34}{space 2} 72.05344{col 45}{space 1}   -0.48{col 54}{space 3}0.634{col 62}{space 4}-175.9507{col 75}{space 3} 107.2946
{txt}{space 17}22  {c |}{col 22}{res}{space 2}  143.638{col 34}{space 2}  50.5786{col 45}{space 1}    2.84{col 54}{space 3}0.005{col 62}{space 4} 44.22468{col 75}{space 3} 243.0514
{txt}{space 17}28  {c |}{col 22}{res}{space 2} -152.733{col 34}{space 2} 54.62528{col 45}{space 1}   -2.80{col 54}{space 3}0.005{col 62}{space 4}-260.1002{col 75}{space 3}-45.36577
{txt}{space 17}37  {c |}{col 22}{res}{space 2} 30.87846{col 34}{space 2}  31.3905{col 45}{space 1}    0.98{col 54}{space 3}0.326{col 62}{space 4}-30.82027{col 75}{space 3} 92.57719
{txt}{space 17}40  {c |}{col 22}{res}{space 2} 205.8373{col 34}{space 2} 74.89211{col 45}{space 1}    2.75{col 54}{space 3}0.006{col 62}{space 4} 58.63521{col 75}{space 3} 353.0394
{txt}{space 17}45  {c |}{col 22}{res}{space 2}-24.40042{col 34}{space 2} 30.39259{col 45}{space 1}   -0.80{col 54}{space 3}0.423{col 62}{space 4}-84.13773{col 75}{space 3} 35.33689
{txt}{space 17}47  {c |}{col 22}{res}{space 2}-49.01963{col 34}{space 2} 48.95047{col 45}{space 1}   -1.00{col 54}{space 3}0.317{col 62}{space 4}-145.2329{col 75}{space 3}  47.1936
{txt}{space 17}48  {c |}{col 22}{res}{space 2} 343.8489{col 34}{space 2} 82.80545{col 45}{space 1}    4.15{col 54}{space 3}0.000{col 62}{space 4} 181.0929{col 75}{space 3} 506.6048
{txt}{space 17}51  {c |}{col 22}{res}{space 2} 272.2781{col 34}{space 2} 85.57365{col 45}{space 1}    3.18{col 54}{space 3}0.002{col 62}{space 4} 104.0811{col 75}{space 3}  440.475
{txt}{space 17}54  {c |}{col 22}{res}{space 2}  -59.855{col 34}{space 2} 65.00968{col 45}{space 1}   -0.92{col 54}{space 3}0.358{col 62}{space 4} -187.633{col 75}{space 3} 67.92297
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1947  {c |}{col 22}{res}{space 2}-20.64388{col 34}{space 2} 77.84977{col 45}{space 1}   -0.27{col 54}{space 3}0.791{col 62}{space 4}-173.6593{col 75}{space 3} 132.3716
{txt}{space 15}1948  {c |}{col 22}{res}{space 2} 360.1054{col 34}{space 2}  86.6315{col 45}{space 1}    4.16{col 54}{space 3}0.000{col 62}{space 4} 189.8293{col 75}{space 3} 530.3815
{txt}{space 15}1949  {c |}{col 22}{res}{space 2} 118.9167{col 34}{space 2} 98.27724{col 45}{space 1}    1.21{col 54}{space 3}0.227{col 62}{space 4}-74.24933{col 75}{space 3} 312.0828
{txt}{space 15}1950  {c |}{col 22}{res}{space 2} 418.9392{col 34}{space 2} 81.73964{col 45}{space 1}    5.13{col 54}{space 3}0.000{col 62}{space 4} 258.2781{col 75}{space 3} 579.6002
{txt}{space 15}1951  {c |}{col 22}{res}{space 2} 429.3641{col 34}{space 2} 67.93502{col 45}{space 1}    6.32{col 54}{space 3}0.000{col 62}{space 4} 295.8363{col 75}{space 3} 562.8919
{txt}{space 15}1952  {c |}{col 22}{res}{space 2} 461.3276{col 34}{space 2} 62.25968{col 45}{space 1}    7.41{col 54}{space 3}0.000{col 62}{space 4} 338.9548{col 75}{space 3} 583.7004
{txt}{space 15}1953  {c |}{col 22}{res}{space 2}  501.846{col 34}{space 2} 64.44445{col 45}{space 1}    7.79{col 54}{space 3}0.000{col 62}{space 4}  375.179{col 75}{space 3} 628.5129
{txt}{space 15}1954  {c |}{col 22}{res}{space 2} 311.8339{col 34}{space 2} 64.27191{col 45}{space 1}    4.85{col 54}{space 3}0.000{col 62}{space 4} 185.5061{col 75}{space 3} 438.1618
{txt}{space 15}1955  {c |}{col 22}{res}{space 2} 709.0742{col 34}{space 2} 74.07068{col 45}{space 1}    9.57{col 54}{space 3}0.000{col 62}{space 4} 563.4867{col 75}{space 3} 854.6618
{txt}{space 15}1956  {c |}{col 22}{res}{space 2}  611.862{col 34}{space 2} 78.67518{col 45}{space 1}    7.78{col 54}{space 3}0.000{col 62}{space 4} 457.2242{col 75}{space 3} 766.4998
{txt}{space 15}1957  {c |}{col 22}{res}{space 2} 419.0908{col 34}{space 2} 90.75928{col 45}{space 1}    4.62{col 54}{space 3}0.000{col 62}{space 4} 240.7014{col 75}{space 3} 597.4802
{txt}{space 15}1958  {c |}{col 22}{res}{space 2} 515.3957{col 34}{space 2} 88.48005{col 45}{space 1}    5.82{col 54}{space 3}0.000{col 62}{space 4} 341.4863{col 75}{space 3} 689.3052
{txt}{space 15}1959  {c |}{col 22}{res}{space 2}  678.326{col 34}{space 2} 93.30171{col 45}{space 1}    7.27{col 54}{space 3}0.000{col 62}{space 4} 494.9394{col 75}{space 3} 861.7125
{txt}{space 15}1960  {c |}{col 22}{res}{space 2} 481.1155{col 34}{space 2}  101.377{col 45}{space 1}    4.75{col 54}{space 3}0.000{col 62}{space 4} 281.8567{col 75}{space 3} 680.3742
{txt}{space 15}1961  {c |}{col 22}{res}{space 2} 642.0258{col 34}{space 2} 108.8278{col 45}{space 1}    5.90{col 54}{space 3}0.000{col 62}{space 4} 428.1223{col 75}{space 3} 855.9292
{txt}{space 15}1962  {c |}{col 22}{res}{space 2} 715.6149{col 34}{space 2} 104.0563{col 45}{space 1}    6.88{col 54}{space 3}0.000{col 62}{space 4}   511.09{col 75}{space 3} 920.1398
{txt}{space 15}1963  {c |}{col 22}{res}{space 2} 747.6041{col 34}{space 2} 113.4826{col 45}{space 1}    6.59{col 54}{space 3}0.000{col 62}{space 4} 524.5515{col 75}{space 3} 970.6567
{txt}{space 15}1964  {c |}{col 22}{res}{space 2} 885.1014{col 34}{space 2} 116.2827{col 45}{space 1}    7.61{col 54}{space 3}0.000{col 62}{space 4} 656.5452{col 75}{space 3} 1113.658
{txt}{space 15}1965  {c |}{col 22}{res}{space 2} 990.8668{col 34}{space 2}  123.396{col 45}{space 1}    8.03{col 54}{space 3}0.000{col 62}{space 4} 748.3292{col 75}{space 3} 1233.404
{txt}{space 15}1966  {c |}{col 22}{res}{space 2} 1046.053{col 34}{space 2} 136.2358{col 45}{space 1}    7.68{col 54}{space 3}0.000{col 62}{space 4} 778.2784{col 75}{space 3} 1313.828
{txt}{space 15}1967  {c |}{col 22}{res}{space 2} 1071.789{col 34}{space 2} 147.5739{col 45}{space 1}    7.26{col 54}{space 3}0.000{col 62}{space 4} 781.7296{col 75}{space 3} 1361.849
{txt}{space 15}1968  {c |}{col 22}{res}{space 2} 1161.552{col 34}{space 2} 160.0495{col 45}{space 1}    7.26{col 54}{space 3}0.000{col 62}{space 4} 846.9708{col 75}{space 3} 1476.132
{txt}{space 15}1969  {c |}{col 22}{res}{space 2} 1156.155{col 34}{space 2} 182.0764{col 45}{space 1}    6.35{col 54}{space 3}0.000{col 62}{space 4} 798.2799{col 75}{space 3}  1514.03
{txt}{space 15}1970  {c |}{col 22}{res}{space 2}  1072.19{col 34}{space 2} 196.5131{col 45}{space 1}    5.46{col 54}{space 3}0.000{col 62}{space 4} 685.9395{col 75}{space 3} 1458.441
{txt}{space 15}1971  {c |}{col 22}{res}{space 2} 1198.076{col 34}{space 2} 204.6847{col 45}{space 1}    5.85{col 54}{space 3}0.000{col 62}{space 4} 795.7633{col 75}{space 3} 1600.388
{txt}{space 15}1972  {c |}{col 22}{res}{space 2} 1516.527{col 34}{space 2} 223.3476{col 45}{space 1}    6.79{col 54}{space 3}0.000{col 62}{space 4} 1077.533{col 75}{space 3} 1955.522
{txt}{space 15}1973  {c |}{col 22}{res}{space 2} 1514.775{col 34}{space 2} 242.1228{col 45}{space 1}    6.26{col 54}{space 3}0.000{col 62}{space 4} 1038.878{col 75}{space 3} 1990.673
{txt}{space 15}1974  {c |}{col 22}{res}{space 2} 1029.489{col 34}{space 2} 246.5488{col 45}{space 1}    4.18{col 54}{space 3}0.000{col 62}{space 4} 544.8917{col 75}{space 3} 1514.086
{txt}{space 15}1975  {c |}{col 22}{res}{space 2} 1139.434{col 34}{space 2} 264.8358{col 45}{space 1}    4.30{col 54}{space 3}0.000{col 62}{space 4} 618.8931{col 75}{space 3} 1659.974
{txt}{space 15}1976  {c |}{col 22}{res}{space 2} 1599.908{col 34}{space 2} 273.9551{col 45}{space 1}    5.84{col 54}{space 3}0.000{col 62}{space 4} 1061.444{col 75}{space 3} 2138.373
{txt}{space 15}1977  {c |}{col 22}{res}{space 2} 1425.225{col 34}{space 2} 296.3892{col 45}{space 1}    4.81{col 54}{space 3}0.000{col 62}{space 4} 842.6651{col 75}{space 3} 2007.784
{txt}{space 15}1978  {c |}{col 22}{res}{space 2} 1633.189{col 34}{space 2} 308.6878{col 45}{space 1}    5.29{col 54}{space 3}0.000{col 62}{space 4} 1026.457{col 75}{space 3} 2239.922
{txt}{space 15}1979  {c |}{col 22}{res}{space 2} 1326.041{col 34}{space 2} 305.2077{col 45}{space 1}    4.34{col 54}{space 3}0.000{col 62}{space 4} 726.1482{col 75}{space 3} 1925.933
{txt}{space 15}1980  {c |}{col 22}{res}{space 2} 1073.966{col 34}{space 2} 326.2405{col 45}{space 1}    3.29{col 54}{space 3}0.001{col 62}{space 4} 432.7326{col 75}{space 3} 1715.198
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 455.4484{col 34}{space 2} 207.3767{col 45}{space 1}    2.20{col 54}{space 3}0.029{col 62}{space 4} 47.84485{col 75}{space 3}  863.052
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpre if year<=1980 & nonsouth==0
{txt}(option xb assumed; fitted values)
(2,849 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   428) ={res}   11.67
{txt}{col 13}Prob > F ={res}    0.0007
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   428) ={res}    7.14
{txt}{col 13}Prob > F ={res}    0.0009
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1123636{col 26}{space 2} 1.963131{col 37}{space 1}    0.06{col 46}{space 3}0.954{col 54}{space 4}-3.746213{col 67}{space 3}  3.97094
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 15.53766{col 26}{space 2} 4.934122{col 37}{space 1}    3.15{col 46}{space 3}0.002{col 54}{space 4} 5.866958{col 67}{space 3} 25.20836
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum klarnerranney  if real_pc_inc_annhatallpre!=. & year<=1980 & nonsouth==0, detail

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res}        0              0
{txt} 5%    {res}        0              0
{txt}10%    {res}        0              0       {txt}Obs         {res}        490
{txt}25%    {res} 1.923077              0       {txt}Sum of Wgt. {res}        490

{txt}50%    {res} 13.16667                      {txt}Mean          {res} 22.19799
                        {txt}Largest       Std. Dev.     {res} 23.77415
{txt}75%    {res} 39.39394       86.86869
{txt}90%    {res} 61.15196       89.89899       {txt}Variance      {res} 565.2102
{txt}95%    {res} 72.29412       90.90909       {txt}Skewness      {res} .9737869
{txt}99%    {res} 85.85859       90.90909       {txt}Kurtosis      {res} 2.871527
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF  klarnerranney ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF klarnerranney MINUS 25TH PERCENTILE VALUE OF klarnerranney FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])* 39.39394  -  (_b[l.klarnerranney]  / - _b[l.real_pc_inc_ann])* 1.923077

       {txt}_nl_1:  {res}(_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])* 39.39394 - (_b[l.klarnerranney]  / - _b[l.real_pc_inc_ann])* 1.923077

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 582.2095{col 26}{space 2} 184.8858{col 37}{space 1}    3.15{col 46}{space 3}0.002{col 54}{space 4}   219.84{col 67}{space 3} 944.5791
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. qui regress d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year <=1980 & nonsouth==0
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       490{col 27}-294.1032{col 38}-199.6143{col 49}    56{col 58} 511.2287{col 69} 746.1154
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. *
. 
. newey d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year <=1980 & nonsouth==0, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       490
{txt}maximum lag: {res}6{col 49}{txt}F( 55,       434){col 67}= {res}      4.75
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.              {col 18}{c |}{col 30}  Newey-West
{col 1}ihsklarnerranney{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      t{col 50}   P>|t|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
ihsklarnerranney {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.1056775{col 30}{space 2}  .032011{col 41}{space 1}   -3.30{col 50}{space 3}0.001{col 58}{space 4}-.1685934{col 71}{space 3}-.0427616
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0001379{col 30}{space 2} .0000782{col 41}{space 1}   -1.76{col 50}{space 3}0.079{col 58}{space 4}-.0002917{col 71}{space 3} .0000159
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 13}LD. {c |}{col 18}{res}{space 2}-.0082199{col 30}{space 2} .0652949{col 41}{space 1}   -0.13{col 50}{space 3}0.900{col 58}{space 4}-.1365534{col 71}{space 3} .1201136
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}D1. {c |}{col 18}{res}{space 2} -.000165{col 30}{space 2} .0001179{col 41}{space 1}   -1.40{col 50}{space 3}0.162{col 58}{space 4}-.0003967{col 71}{space 3} .0000666
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2}-.2681147{col 30}{space 2} .0526874{col 41}{space 1}   -5.09{col 50}{space 3}0.000{col 58}{space 4} -.371669{col 71}{space 3}-.1645605
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}LD. {c |}{col 18}{res}{space 2} .0002565{col 30}{space 2} .0001577{col 41}{space 1}    1.63{col 50}{space 3}0.105{col 58}{space 4}-.0000535{col 71}{space 3} .0005665
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L3D. {c |}{col 18}{res}{space 2}-.1141775{col 30}{space 2} .0513823{col 41}{space 1}   -2.22{col 50}{space 3}0.027{col 58}{space 4}-.2151666{col 71}{space 3}-.0131884
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2} .0001256{col 30}{space 2}  .000152{col 41}{space 1}    0.83{col 50}{space 3}0.409{col 58}{space 4}-.0001732{col 71}{space 3} .0004244
{txt}{space 16} {c |}
{space 6}state_fips {c |}
{space 14}5  {c |}{col 18}{res}{space 2} .0075284{col 30}{space 2} .1006935{col 41}{space 1}    0.07{col 50}{space 3}0.940{col 58}{space 4}-.1903791{col 71}{space 3} .2054358
{txt}{space 13}12  {c |}{col 18}{res}{space 2} .6069077{col 30}{space 2}  .193919{col 41}{space 1}    3.13{col 50}{space 3}0.002{col 58}{space 4} .2257705{col 71}{space 3} .9880449
{txt}{space 13}13  {c |}{col 18}{res}{space 2} .2974735{col 30}{space 2}  .119228{col 41}{space 1}    2.49{col 50}{space 3}0.013{col 58}{space 4} .0631374{col 71}{space 3} .5318096
{txt}{space 13}21  {c |}{col 18}{res}{space 2} .3750133{col 30}{space 2}  .148657{col 41}{space 1}    2.52{col 50}{space 3}0.012{col 58}{space 4} .0828362{col 71}{space 3} .6671904
{txt}{space 13}22  {c |}{col 18}{res}{space 2} .1222284{col 30}{space 2} .1088676{col 41}{space 1}    1.12{col 50}{space 3}0.262{col 58}{space 4}-.0917449{col 71}{space 3} .3362017
{txt}{space 13}28  {c |}{col 18}{res}{space 2}-.0540175{col 30}{space 2} .1117971{col 41}{space 1}   -0.48{col 50}{space 3}0.629{col 58}{space 4}-.2737485{col 71}{space 3} .1657135
{txt}{space 13}37  {c |}{col 18}{res}{space 2} .2893344{col 30}{space 2} .1212136{col 41}{space 1}    2.39{col 50}{space 3}0.017{col 58}{space 4} .0510958{col 71}{space 3}  .527573
{txt}{space 13}40  {c |}{col 18}{res}{space 2} .4556372{col 30}{space 2} .1531655{col 41}{space 1}    2.97{col 50}{space 3}0.003{col 58}{space 4} .1545989{col 71}{space 3} .7566755
{txt}{space 13}45  {c |}{col 18}{res}{space 2} .1213115{col 30}{space 2} .1202397{col 41}{space 1}    1.01{col 50}{space 3}0.314{col 58}{space 4} -.115013{col 71}{space 3} .3576361
{txt}{space 13}47  {c |}{col 18}{res}{space 2} .4121519{col 30}{space 2} .1368312{col 41}{space 1}    3.01{col 50}{space 3}0.003{col 58}{space 4} .1432177{col 71}{space 3} .6810862
{txt}{space 13}48  {c |}{col 18}{res}{space 2} .3726098{col 30}{space 2} .1637561{col 41}{space 1}    2.28{col 50}{space 3}0.023{col 58}{space 4} .0507561{col 71}{space 3} .6944634
{txt}{space 13}51  {c |}{col 18}{res}{space 2} .5053728{col 30}{space 2} .1657185{col 41}{space 1}    3.05{col 50}{space 3}0.002{col 58}{space 4} .1796623{col 71}{space 3} .8310834
{txt}{space 13}54  {c |}{col 18}{res}{space 2}  .377504{col 30}{space 2} .1550705{col 41}{space 1}    2.43{col 50}{space 3}0.015{col 58}{space 4} .0727216{col 71}{space 3} .6822865
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1947  {c |}{col 18}{res}{space 2} .0768995{col 30}{space 2} .1312874{col 41}{space 1}    0.59{col 50}{space 3}0.558{col 58}{space 4}-.1811386{col 71}{space 3} .3349376
{txt}{space 11}1948  {c |}{col 18}{res}{space 2} .1487481{col 30}{space 2} .1729839{col 41}{space 1}    0.86{col 50}{space 3}0.390{col 58}{space 4}-.1912422{col 71}{space 3} .4887385
{txt}{space 11}1949  {c |}{col 18}{res}{space 2}-.1683823{col 30}{space 2} .1454741{col 41}{space 1}   -1.16{col 50}{space 3}0.248{col 58}{space 4}-.4543036{col 71}{space 3}  .117539
{txt}{space 11}1950  {c |}{col 18}{res}{space 2}-.0251157{col 30}{space 2} .1151349{col 41}{space 1}   -0.22{col 50}{space 3}0.827{col 58}{space 4} -.251407{col 71}{space 3} .2011757
{txt}{space 11}1951  {c |}{col 18}{res}{space 2} .0620265{col 30}{space 2} .1929464{col 41}{space 1}    0.32{col 50}{space 3}0.748{col 58}{space 4}-.3171991{col 71}{space 3} .4412521
{txt}{space 11}1952  {c |}{col 18}{res}{space 2} -.000547{col 30}{space 2} .0972275{col 41}{space 1}   -0.01{col 50}{space 3}0.996{col 58}{space 4}-.1916423{col 71}{space 3} .1905483
{txt}{space 11}1953  {c |}{col 18}{res}{space 2} .2444165{col 30}{space 2} .1516678{col 41}{space 1}    1.61{col 50}{space 3}0.108{col 58}{space 4}-.0536782{col 71}{space 3} .5425113
{txt}{space 11}1954  {c |}{col 18}{res}{space 2} .0544072{col 30}{space 2} .0919304{col 41}{space 1}    0.59{col 50}{space 3}0.554{col 58}{space 4}-.1262769{col 71}{space 3} .2350913
{txt}{space 11}1955  {c |}{col 18}{res}{space 2} .1730578{col 30}{space 2} .1582212{col 41}{space 1}    1.09{col 50}{space 3}0.275{col 58}{space 4}-.1379172{col 71}{space 3} .4840329
{txt}{space 11}1956  {c |}{col 18}{res}{space 2} .1228548{col 30}{space 2} .1338361{col 41}{space 1}    0.92{col 50}{space 3}0.359{col 58}{space 4}-.1401926{col 71}{space 3} .3859022
{txt}{space 11}1957  {c |}{col 18}{res}{space 2} .0974191{col 30}{space 2} .1074146{col 41}{space 1}    0.91{col 50}{space 3}0.365{col 58}{space 4}-.1136984{col 71}{space 3} .3085365
{txt}{space 11}1958  {c |}{col 18}{res}{space 2} .1646379{col 30}{space 2} .1248047{col 41}{space 1}    1.32{col 50}{space 3}0.188{col 58}{space 4}-.0806588{col 71}{space 3} .4099347
{txt}{space 11}1959  {c |}{col 18}{res}{space 2}-.1050224{col 30}{space 2} .2030368{col 41}{space 1}   -0.52{col 50}{space 3}0.605{col 58}{space 4}  -.50408{col 71}{space 3} .2940352
{txt}{space 11}1960  {c |}{col 18}{res}{space 2} .1084509{col 30}{space 2} .1419846{col 41}{space 1}    0.76{col 50}{space 3}0.445{col 58}{space 4}-.1706121{col 71}{space 3} .3875138
{txt}{space 11}1961  {c |}{col 18}{res}{space 2} .2772919{col 30}{space 2} .1675603{col 41}{space 1}    1.65{col 50}{space 3}0.099{col 58}{space 4}-.0520387{col 71}{space 3} .6066225
{txt}{space 11}1962  {c |}{col 18}{res}{space 2}  .246101{col 30}{space 2} .1830864{col 41}{space 1}    1.34{col 50}{space 3}0.180{col 58}{space 4}-.1137452{col 71}{space 3} .6059473
{txt}{space 11}1963  {c |}{col 18}{res}{space 2} .6011658{col 30}{space 2} .1990003{col 41}{space 1}    3.02{col 50}{space 3}0.003{col 58}{space 4} .2100418{col 71}{space 3} .9922899
{txt}{space 11}1964  {c |}{col 18}{res}{space 2} .6047939{col 30}{space 2} .2094771{col 41}{space 1}    2.89{col 50}{space 3}0.004{col 58}{space 4} .1930782{col 71}{space 3}  1.01651
{txt}{space 11}1965  {c |}{col 18}{res}{space 2}  .319119{col 30}{space 2} .2586955{col 41}{space 1}    1.23{col 50}{space 3}0.218{col 58}{space 4}-.1893329{col 71}{space 3} .8275708
{txt}{space 11}1966  {c |}{col 18}{res}{space 2} .7380833{col 30}{space 2}  .258414{col 41}{space 1}    2.86{col 50}{space 3}0.004{col 58}{space 4} .2301848{col 71}{space 3} 1.245982
{txt}{space 11}1967  {c |}{col 18}{res}{space 2} 1.118868{col 30}{space 2} .3021276{col 41}{space 1}    3.70{col 50}{space 3}0.000{col 58}{space 4} .5250528{col 71}{space 3} 1.712683
{txt}{space 11}1968  {c |}{col 18}{res}{space 2} .4839469{col 30}{space 2} .3055903{col 41}{space 1}    1.58{col 50}{space 3}0.114{col 58}{space 4} -.116674{col 71}{space 3} 1.084568
{txt}{space 11}1969  {c |}{col 18}{res}{space 2} .8267253{col 30}{space 2} .3021735{col 41}{space 1}    2.74{col 50}{space 3}0.006{col 58}{space 4} .2328199{col 71}{space 3} 1.420631
{txt}{space 11}1970  {c |}{col 18}{res}{space 2}  .929766{col 30}{space 2} .3415295{col 41}{space 1}    2.72{col 50}{space 3}0.007{col 58}{space 4} .2585085{col 71}{space 3} 1.601023
{txt}{space 11}1971  {c |}{col 18}{res}{space 2} .6406946{col 30}{space 2} .3272417{col 41}{space 1}    1.96{col 50}{space 3}0.051{col 58}{space 4} -.002481{col 71}{space 3}  1.28387
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} .8725675{col 30}{space 2} .4012576{col 41}{space 1}    2.17{col 50}{space 3}0.030{col 58}{space 4} .0839177{col 71}{space 3} 1.661217
{txt}{space 11}1973  {c |}{col 18}{res}{space 2}  .945446{col 30}{space 2} .3925486{col 41}{space 1}    2.41{col 50}{space 3}0.016{col 58}{space 4} .1739133{col 71}{space 3} 1.716979
{txt}{space 11}1974  {c |}{col 18}{res}{space 2} .6998248{col 30}{space 2} .3884384{col 41}{space 1}    1.80{col 50}{space 3}0.072{col 58}{space 4}-.0636294{col 71}{space 3} 1.463279
{txt}{space 11}1975  {c |}{col 18}{res}{space 2} .5984056{col 30}{space 2} .4423984{col 41}{space 1}    1.35{col 50}{space 3}0.177{col 58}{space 4}-.2711041{col 71}{space 3} 1.467915
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} .9618624{col 30}{space 2} .4667058{col 41}{space 1}    2.06{col 50}{space 3}0.040{col 58}{space 4} .0445777{col 71}{space 3} 1.879147
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} .9826983{col 30}{space 2} .5081677{col 41}{space 1}    1.93{col 50}{space 3}0.054{col 58}{space 4}-.0160774{col 71}{space 3} 1.981474
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} .8924143{col 30}{space 2} .4580444{col 41}{space 1}    1.95{col 50}{space 3}0.052{col 58}{space 4}-.0078468{col 71}{space 3} 1.792675
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} 1.100116{col 30}{space 2} .4826033{col 41}{space 1}    2.28{col 50}{space 3}0.023{col 58}{space 4} .1515856{col 71}{space 3} 2.048646
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} 1.045057{col 30}{space 2} .4804615{col 41}{space 1}    2.18{col 50}{space 3}0.030{col 58}{space 4} .1007367{col 71}{space 3} 1.989378
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .5176633{col 30}{space 2} .3177603{col 41}{space 1}    1.63{col 50}{space 3}0.104{col 58}{space 4}-.1068771{col 71}{space 3} 1.142204
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict ihsklarnerranneyhatallpre if year<=1980 & nonsouth==0
{txt}(option xb assumed; fitted values)
(2,849 missing values generated)

{com}. 
. 
. 
. 
.  
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.ihsklarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney = 0{p_end}

{txt}       F(  1,   434) ={res}   10.90
{txt}{col 13}Prob > F ={res}    0.0010
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.ihsklarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.ihsklarnerranney = 0{p_end}

{txt}       F(  2,   434) ={res}    6.95
{txt}{col 13}Prob > F ={res}    0.0011
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0002171{col 26}{space 2} .0002527{col 37}{space 1}    0.86{col 46}{space 3}0.391{col 54}{space 4}-.0002796{col 67}{space 3} .0007137
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-.0013047{col 26}{space 2} .0008364{col 37}{space 1}   -1.56{col 46}{space 3}0.119{col 54}{space 4} -.002944{col 67}{space 3} .0003347
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum real_pc_inc_ann   if ihsklarnerranneyhatallpre!=. & year<=1980 & nonsouth==0, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 3252.807       2933.336
{txt} 5%    {res} 3832.054       2952.088
{txt}10%    {res} 4173.577       3099.246       {txt}Obs         {res}        490
{txt}25%    {res} 4972.713       3175.111       {txt}Sum of Wgt. {res}        490

{txt}50%    {res} 6451.461                      {txt}Mean          {res} 6898.252
                        {txt}Largest       Std. Dev.     {res} 2313.137
{txt}75%    {res} 8860.249        12169.1
{txt}90%    {res}  10164.4       12264.53       {txt}Variance      {res}  5350604
{txt}95%    {res} 10965.88       12302.72       {txt}Skewness      {res} .4170721
{txt}99%    {res} 12042.43       12331.84       {txt}Kurtosis      {res} 2.093014
{txt}
{com}. 
. *
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  real_pc_inc_ann ON klarnerranney:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / -_b[l.ihsklarnerranney])*8860.249   -  (_b[l.real_pc_inc_ann] / -_b[l.ihsklarnerranney])*4972.713

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / -_b[l.ihsklarnerranney])*8860.249 - (_b[l.real_pc_inc_ann] / -_b[l.ihsklarnerranney])*4972.713

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-5.072015{col 26}{space 2} 3.251593{col 37}{space 1}   -1.56{col 46}{space 3}0.119{col 54}{space 4}-11.44502{col 67}{space 3}  1.30099
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
.   
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. 
. *** II.C: SOUTHERN STATES (N = 14): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  i.state_fips i.year if year >1980 & nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       420{col 27} -2982.74{col 38}-2754.054{col 49}    51{col 58} 5610.108{col 69} 5816.161
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  i.state_fips i.year if year >1980 & nonsouth==0, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       420
{txt}maximum lag: {res}5{col 49}{txt}F( 50,       369){col 67}= {res}     31.39
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} -.159476{col 29}{space 2} .0269314{col 40}{space 1}   -5.92{col 49}{space 3}0.000{col 57}{space 4}-.2124343{col 70}{space 3}-.1065176
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} 1.190507{col 29}{space 2}  .957032{col 40}{space 1}    1.24{col 49}{space 3}0.214{col 57}{space 4}-.6914134{col 70}{space 3} 3.072428
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .1850257{col 29}{space 2} .0999486{col 40}{space 1}    1.85{col 49}{space 3}0.065{col 57}{space 4}-.0115146{col 70}{space 3}  .381566
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.2387595{col 29}{space 2} 1.445788{col 40}{space 1}   -0.17{col 49}{space 3}0.869{col 57}{space 4}-3.081778{col 70}{space 3} 2.604259
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .2886415{col 29}{space 2}  .098352{col 40}{space 1}    2.93{col 49}{space 3}0.004{col 57}{space 4} .0952409{col 70}{space 3} .4820422
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-2.408253{col 29}{space 2} 1.460907{col 40}{space 1}   -1.65{col 49}{space 3}0.100{col 57}{space 4}   -5.281{col 70}{space 3} .4644938
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .0219886{col 29}{space 2} .0678612{col 40}{space 1}    0.32{col 49}{space 3}0.746{col 57}{space 4}-.1114546{col 70}{space 3} .1554317
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} -2.03739{col 29}{space 2} 1.689856{col 40}{space 1}   -1.21{col 49}{space 3}0.229{col 57}{space 4}-5.360345{col 70}{space 3} 1.285565
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2}-79.69069{col 29}{space 2} 28.59231{col 40}{space 1}   -2.79{col 49}{space 3}0.006{col 57}{space 4} -135.915{col 70}{space 3}-23.46637
{txt}{space 12}12  {c |}{col 17}{res}{space 2} 374.9277{col 29}{space 2} 74.58455{col 40}{space 1}    5.03{col 49}{space 3}0.000{col 57}{space 4} 228.2636{col 70}{space 3} 521.5917
{txt}{space 12}13  {c |}{col 17}{res}{space 2} 227.1736{col 29}{space 2} 56.97105{col 40}{space 1}    3.99{col 49}{space 3}0.000{col 57}{space 4}  115.145{col 70}{space 3} 339.2023
{txt}{space 12}21  {c |}{col 17}{res}{space 2}-61.25864{col 29}{space 2}  34.4784{col 40}{space 1}   -1.78{col 49}{space 3}0.076{col 57}{space 4}-129.0574{col 70}{space 3} 6.540151
{txt}{space 12}22  {c |}{col 17}{res}{space 2} 48.92456{col 29}{space 2} 54.71758{col 40}{space 1}    0.89{col 49}{space 3}0.372{col 57}{space 4}-58.67283{col 70}{space 3}  156.522
{txt}{space 12}28  {c |}{col 17}{res}{space 2}-232.1721{col 29}{space 2} 44.49382{col 40}{space 1}   -5.22{col 49}{space 3}0.000{col 57}{space 4}-319.6654{col 70}{space 3}-144.6789
{txt}{space 12}37  {c |}{col 17}{res}{space 2} 175.4963{col 29}{space 2} 42.53353{col 40}{space 1}    4.13{col 49}{space 3}0.000{col 57}{space 4} 91.85775{col 70}{space 3} 259.1348
{txt}{space 12}40  {c |}{col 17}{res}{space 2} 44.86474{col 29}{space 2} 42.35714{col 40}{space 1}    1.06{col 49}{space 3}0.290{col 57}{space 4}-38.42691{col 70}{space 3} 128.1564
{txt}{space 12}45  {c |}{col 17}{res}{space 2}-32.55324{col 29}{space 2} 34.29585{col 40}{space 1}   -0.95{col 49}{space 3}0.343{col 57}{space 4}-99.99307{col 70}{space 3} 34.88659
{txt}{space 12}47  {c |}{col 17}{res}{space 2} 104.9811{col 29}{space 2} 41.98554{col 40}{space 1}    2.50{col 49}{space 3}0.013{col 57}{space 4}  22.4202{col 70}{space 3} 187.5421
{txt}{space 12}48  {c |}{col 17}{res}{space 2} 244.6053{col 29}{space 2} 53.65086{col 40}{space 1}    4.56{col 49}{space 3}0.000{col 57}{space 4} 139.1056{col 70}{space 3} 350.1051
{txt}{space 12}51  {c |}{col 17}{res}{space 2} 612.6886{col 29}{space 2} 98.59624{col 40}{space 1}    6.21{col 49}{space 3}0.000{col 57}{space 4} 418.8076{col 70}{space 3} 806.5696
{txt}{space 12}54  {c |}{col 17}{res}{space 2}-151.2922{col 29}{space 2} 32.33533{col 40}{space 1}   -4.68{col 49}{space 3}0.000{col 57}{space 4}-214.8769{col 70}{space 3} -87.7076
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-127.5451{col 29}{space 2} 87.43458{col 40}{space 1}   -1.46{col 49}{space 3}0.145{col 57}{space 4}-299.4776{col 70}{space 3}  44.3875
{txt}{space 10}1983  {c |}{col 17}{res}{space 2}-25.24554{col 29}{space 2} 115.1749{col 40}{space 1}   -0.22{col 49}{space 3}0.827{col 57}{space 4}-251.7271{col 70}{space 3}  201.236
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} 351.3017{col 29}{space 2} 88.58961{col 40}{space 1}    3.97{col 49}{space 3}0.000{col 57}{space 4} 177.0978{col 70}{space 3} 525.5055
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 14.80993{col 29}{space 2} 109.5988{col 40}{space 1}    0.14{col 49}{space 3}0.893{col 57}{space 4}-200.7066{col 70}{space 3} 230.3264
{txt}{space 10}1986  {c |}{col 17}{res}{space 2} 2.405672{col 29}{space 2} 101.4447{col 40}{space 1}    0.02{col 49}{space 3}0.981{col 57}{space 4}-197.0766{col 70}{space 3} 201.8879
{txt}{space 10}1987  {c |}{col 17}{res}{space 2}-2.078829{col 29}{space 2} 95.97404{col 40}{space 1}   -0.02{col 49}{space 3}0.983{col 57}{space 4}-190.8035{col 70}{space 3} 186.6458
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} 260.1807{col 29}{space 2} 87.55943{col 40}{space 1}    2.97{col 49}{space 3}0.003{col 57}{space 4} 88.00264{col 70}{space 3} 432.3588
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} 232.1882{col 29}{space 2} 113.3308{col 40}{space 1}    2.05{col 49}{space 3}0.041{col 57}{space 4} 9.333033{col 70}{space 3} 455.0433
{txt}{space 10}1990  {c |}{col 17}{res}{space 2}-21.92249{col 29}{space 2} 109.5315{col 40}{space 1}   -0.20{col 49}{space 3}0.841{col 57}{space 4}-237.3067{col 70}{space 3} 193.4617
{txt}{space 10}1991  {c |}{col 17}{res}{space 2}-52.18415{col 29}{space 2} 94.47723{col 40}{space 1}   -0.55{col 49}{space 3}0.581{col 57}{space 4}-237.9655{col 70}{space 3} 133.5972
{txt}{space 10}1992  {c |}{col 17}{res}{space 2} 421.7332{col 29}{space 2} 95.48052{col 40}{space 1}    4.42{col 49}{space 3}0.000{col 57}{space 4}  233.979{col 70}{space 3} 609.4874
{txt}{space 10}1993  {c |}{col 17}{res}{space 2}   185.99{col 29}{space 2} 128.5637{col 40}{space 1}    1.45{col 49}{space 3}0.149{col 57}{space 4}-66.81937{col 70}{space 3} 438.7993
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} 319.8589{col 29}{space 2} 108.4113{col 40}{space 1}    2.95{col 49}{space 3}0.003{col 57}{space 4} 106.6775{col 70}{space 3} 533.0404
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 307.3559{col 29}{space 2} 122.5826{col 40}{space 1}    2.51{col 49}{space 3}0.013{col 57}{space 4} 66.30776{col 70}{space 3} 548.4041
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} 356.6253{col 29}{space 2} 115.9739{col 40}{space 1}    3.08{col 49}{space 3}0.002{col 57}{space 4} 128.5726{col 70}{space 3}  584.678
{txt}{space 10}1997  {c |}{col 17}{res}{space 2} 474.2467{col 29}{space 2} 125.9122{col 40}{space 1}    3.77{col 49}{space 3}0.000{col 57}{space 4} 226.6511{col 70}{space 3} 721.8422
{txt}{space 10}1998  {c |}{col 17}{res}{space 2} 721.5743{col 29}{space 2} 134.9069{col 40}{space 1}    5.35{col 49}{space 3}0.000{col 57}{space 4} 456.2916{col 70}{space 3} 986.8569
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 379.1904{col 29}{space 2} 157.9986{col 40}{space 1}    2.40{col 49}{space 3}0.017{col 57}{space 4} 68.49978{col 70}{space 3} 689.8809
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 590.5904{col 29}{space 2} 138.8523{col 40}{space 1}    4.25{col 49}{space 3}0.000{col 57}{space 4} 317.5494{col 70}{space 3} 863.6314
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} 497.0812{col 29}{space 2} 168.0353{col 40}{space 1}    2.96{col 49}{space 3}0.003{col 57}{space 4} 166.6544{col 70}{space 3} 827.5081
{txt}{space 10}2002  {c |}{col 17}{res}{space 2} 322.9015{col 29}{space 2} 148.4203{col 40}{space 1}    2.18{col 49}{space 3}0.030{col 57}{space 4} 31.04578{col 70}{space 3} 614.7573
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 509.7446{col 29}{space 2} 142.8947{col 40}{space 1}    3.57{col 49}{space 3}0.000{col 57}{space 4} 228.7544{col 70}{space 3} 790.7347
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 847.8396{col 29}{space 2} 168.9851{col 40}{space 1}    5.02{col 49}{space 3}0.000{col 57}{space 4}  515.545{col 70}{space 3} 1180.134
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 737.4956{col 29}{space 2} 183.9565{col 40}{space 1}    4.01{col 49}{space 3}0.000{col 57}{space 4}  375.761{col 70}{space 3}  1099.23
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 910.8451{col 29}{space 2} 176.8528{col 40}{space 1}    5.15{col 49}{space 3}0.000{col 57}{space 4} 563.0794{col 70}{space 3} 1258.611
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} 787.9674{col 29}{space 2} 180.5572{col 40}{space 1}    4.36{col 49}{space 3}0.000{col 57}{space 4} 432.9173{col 70}{space 3} 1143.018
{txt}{space 10}2008  {c |}{col 17}{res}{space 2} 604.2361{col 29}{space 2} 226.2848{col 40}{space 1}    2.67{col 49}{space 3}0.008{col 57}{space 4} 159.2667{col 70}{space 3} 1049.206
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-64.31444{col 29}{space 2} 171.3434{col 40}{space 1}   -0.38{col 49}{space 3}0.708{col 57}{space 4}-401.2464{col 70}{space 3} 272.6175
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} 878.8336{col 29}{space 2} 143.8383{col 40}{space 1}    6.11{col 49}{space 3}0.000{col 57}{space 4} 595.9879{col 70}{space 3} 1161.679
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 1736.714{col 29}{space 2} 250.4582{col 40}{space 1}    6.93{col 49}{space 3}0.000{col 57}{space 4} 1244.209{col 70}{space 3} 2229.218
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & nonsouth==0
{txt}(option xb assumed; fitted values)
(2,919 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   369) ={res}   35.06
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   369) ={res}   18.33
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-4.684403{col 26}{space 2} 3.071951{col 37}{space 1}   -1.52{col 46}{space 3}0.128{col 54}{space 4}-10.72513{col 67}{space 3} 1.356323
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 7.465121{col 26}{space 2} 5.609907{col 37}{space 1}    1.33{col 46}{space 3}0.183{col 54}{space 4}-3.530094{col 67}{space 3} 18.46034
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. sum klarnerranney real_pc_inc_ann  if real_pc_inc_annhatallpost!=. & year>1980 & nonsouth==0, detail

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res}  9.52381       4.761905
{txt} 5%    {res} 20.42857       4.761905
{txt}10%    {res} 26.88235        9.52381       {txt}Obs         {res}        420
{txt}25%    {res} 46.58065        9.52381       {txt}Sum of Wgt. {res}        420

{txt}50%    {res} 65.38146                      {txt}Mean          {res} 63.07963
                        {txt}Largest       Std. Dev.     {res} 24.28337
{txt}75%    {res} 83.33333        99.6129
{txt}90%    {res} 93.36551       99.82796       {txt}Variance      {res}  589.682
{txt}95%    {res}     97.5       99.82796       {txt}Skewness      {res}-.4392186
{txt}99%    {res}  99.6129            100       {txt}Kurtosis      {res} 2.245943

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 9164.067       8530.043
{txt} 5%    {res} 9893.871       8604.584
{txt}10%    {res}  10517.3       8624.711       {txt}Obs         {res}        420
{txt}25%    {res}    11966       9026.411       {txt}Sum of Wgt. {res}        420

{txt}50%    {res} 13484.73                      {txt}Mean          {res} 13632.63
                        {txt}Largest       Std. Dev.     {res} 2401.816
{txt}75%    {res} 15294.64       20300.61
{txt}90%    {res} 16587.38       20446.41       {txt}Variance      {res}  5768719
{txt}95%    {res} 17515.28       20757.53       {txt}Skewness      {res} .3038151
{txt}99%    {res} 20132.85       20864.72       {txt}Kurtosis      {res} 2.816816
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF klarnerranney ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF klarnerranney MINUS 25TH PERCENTILE VALUE OF klarnerranney FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*83.33333  -  (_b[l.klarnerranney]  / - _b[l.real_pc_inc_ann])*46.58065 

       {txt}_nl_1:  {res}(_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*83.33333 - (_b[l.klarnerranney]  / - _b[l.real_pc_inc_ann])*46.58065

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 274.3632{col 26}{space 2} 206.1791{col 37}{space 1}    1.33{col 46}{space 3}0.183{col 54}{space 4}-129.7404{col 67}{space 3} 678.4668
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year >1980 & nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       420{col 27}-1391.884{col 38}-1318.448{col 49}    51{col 58} 2738.895{col 69} 2944.948
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year >1980 & nonsouth==0, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       420
{txt}maximum lag: {res}5{col 49}{txt}F( 50,       369){col 67}= {res}      3.52
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}D.klarnerranney{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.1540747{col 29}{space 2} .0320933{col 40}{space 1}   -4.80{col 49}{space 3}0.000{col 57}{space 4}-.2171835{col 70}{space 3} -.090966
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .0008531{col 29}{space 2} .0006462{col 40}{space 1}    1.32{col 49}{space 3}0.188{col 57}{space 4}-.0004177{col 70}{space 3} .0021238
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0376483{col 29}{space 2} .0441331{col 40}{space 1}    0.85{col 49}{space 3}0.394{col 57}{space 4}-.0491358{col 70}{space 3} .1244323
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.0003191{col 29}{space 2} .0015387{col 40}{space 1}   -0.21{col 49}{space 3}0.836{col 57}{space 4}-.0033447{col 70}{space 3} .0027066
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0631538{col 29}{space 2}  .070672{col 40}{space 1}    0.89{col 49}{space 3}0.372{col 57}{space 4}-.0758165{col 70}{space 3} .2021241
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0026923{col 29}{space 2} .0019686{col 40}{space 1}    1.37{col 49}{space 3}0.172{col 57}{space 4}-.0011788{col 70}{space 3} .0065635
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .0474311{col 29}{space 2} .0400883{col 40}{space 1}    1.18{col 49}{space 3}0.238{col 57}{space 4}-.0313991{col 70}{space 3} .1262614
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.0000896{col 29}{space 2} .0022873{col 40}{space 1}   -0.04{col 49}{space 3}0.969{col 57}{space 4}-.0045874{col 70}{space 3} .0044083
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2}-1.619338{col 29}{space 2} 1.783128{col 40}{space 1}   -0.91{col 49}{space 3}0.364{col 57}{space 4}-5.125705{col 70}{space 3} 1.887029
{txt}{space 12}12  {c |}{col 17}{res}{space 2}-.3925599{col 29}{space 2} 2.465394{col 40}{space 1}   -0.16{col 49}{space 3}0.874{col 57}{space 4}-5.240545{col 70}{space 3} 4.455425
{txt}{space 12}13  {c |}{col 17}{res}{space 2} -.296784{col 29}{space 2} 1.346142{col 40}{space 1}   -0.22{col 49}{space 3}0.826{col 57}{space 4}-2.943855{col 70}{space 3} 2.350287
{txt}{space 12}21  {c |}{col 17}{res}{space 2} 2.973798{col 29}{space 2} 1.068691{col 40}{space 1}    2.78{col 49}{space 3}0.006{col 57}{space 4} .8723099{col 70}{space 3} 5.075287
{txt}{space 12}22  {c |}{col 17}{res}{space 2}-.2284034{col 29}{space 2}  1.25843{col 40}{space 1}   -0.18{col 49}{space 3}0.856{col 57}{space 4}-2.702998{col 70}{space 3} 2.246191
{txt}{space 12}28  {c |}{col 17}{res}{space 2} 1.290575{col 29}{space 2} 1.589807{col 40}{space 1}    0.81{col 49}{space 3}0.417{col 57}{space 4}-1.835644{col 70}{space 3} 4.416794
{txt}{space 12}37  {c |}{col 17}{res}{space 2} 1.282957{col 29}{space 2} 1.384727{col 40}{space 1}    0.93{col 49}{space 3}0.355{col 57}{space 4}-1.439989{col 70}{space 3} 4.005903
{txt}{space 12}40  {c |}{col 17}{res}{space 2} .9050586{col 29}{space 2} 1.663485{col 40}{space 1}    0.54{col 49}{space 3}0.587{col 57}{space 4}-2.366041{col 70}{space 3} 4.176158
{txt}{space 12}45  {c |}{col 17}{res}{space 2} 2.682109{col 29}{space 2} 1.031896{col 40}{space 1}    2.60{col 49}{space 3}0.010{col 57}{space 4} .6529748{col 70}{space 3} 4.711243
{txt}{space 12}47  {c |}{col 17}{res}{space 2} 2.063107{col 29}{space 2} 1.712859{col 40}{space 1}    1.20{col 49}{space 3}0.229{col 57}{space 4}-1.305083{col 70}{space 3} 5.431298
{txt}{space 12}48  {c |}{col 17}{res}{space 2} 1.131286{col 29}{space 2} 1.846553{col 40}{space 1}    0.61{col 49}{space 3}0.540{col 57}{space 4}-2.499801{col 70}{space 3} 4.762374
{txt}{space 12}51  {c |}{col 17}{res}{space 2}-.1085713{col 29}{space 2} 2.801176{col 40}{space 1}   -0.04{col 49}{space 3}0.969{col 57}{space 4}-5.616842{col 70}{space 3} 5.399699
{txt}{space 12}54  {c |}{col 17}{res}{space 2}-1.984528{col 29}{space 2} 1.241759{col 40}{space 1}   -1.60{col 49}{space 3}0.111{col 57}{space 4}-4.426341{col 70}{space 3} .4572844
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-4.235275{col 29}{space 2} 2.415039{col 40}{space 1}   -1.75{col 49}{space 3}0.080{col 57}{space 4}-8.984241{col 70}{space 3} .5136906
{txt}{space 10}1983  {c |}{col 17}{res}{space 2}-6.879505{col 29}{space 2} 3.015992{col 40}{space 1}   -2.28{col 49}{space 3}0.023{col 57}{space 4}-12.81019{col 70}{space 3}-.9488182
{txt}{space 10}1984  {c |}{col 17}{res}{space 2}-4.840037{col 29}{space 2} 2.173786{col 40}{space 1}   -2.23{col 49}{space 3}0.027{col 57}{space 4}  -9.1146{col 70}{space 3}-.5654746
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 2.652497{col 29}{space 2} 3.232356{col 40}{space 1}    0.82{col 49}{space 3}0.412{col 57}{space 4}-3.703651{col 70}{space 3} 9.008646
{txt}{space 10}1986  {c |}{col 17}{res}{space 2}-4.600895{col 29}{space 2} 2.502839{col 40}{space 1}   -1.84{col 49}{space 3}0.067{col 57}{space 4}-9.522512{col 70}{space 3} .3207222
{txt}{space 10}1987  {c |}{col 17}{res}{space 2}-1.513348{col 29}{space 2} 2.905886{col 40}{space 1}   -0.52{col 49}{space 3}0.603{col 57}{space 4}-7.227521{col 70}{space 3} 4.200826
{txt}{space 10}1988  {c |}{col 17}{res}{space 2}-3.978102{col 29}{space 2} 2.256945{col 40}{space 1}   -1.76{col 49}{space 3}0.079{col 57}{space 4}-8.416189{col 70}{space 3} .4599851
{txt}{space 10}1989  {c |}{col 17}{res}{space 2}-1.922085{col 29}{space 2} 2.909989{col 40}{space 1}   -0.66{col 49}{space 3}0.509{col 57}{space 4}-7.644327{col 70}{space 3} 3.800157
{txt}{space 10}1990  {c |}{col 17}{res}{space 2}-3.609263{col 29}{space 2} 2.594159{col 40}{space 1}   -1.39{col 49}{space 3}0.165{col 57}{space 4}-8.710452{col 70}{space 3} 1.491927
{txt}{space 10}1991  {c |}{col 17}{res}{space 2}-2.661841{col 29}{space 2} 2.726228{col 40}{space 1}   -0.98{col 49}{space 3}0.330{col 57}{space 4}-8.022733{col 70}{space 3}  2.69905
{txt}{space 10}1992  {c |}{col 17}{res}{space 2}-.8499033{col 29}{space 2} 2.951315{col 40}{space 1}   -0.29{col 49}{space 3}0.774{col 57}{space 4}-6.653409{col 70}{space 3} 4.953602
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} -.384238{col 29}{space 2} 3.271394{col 40}{space 1}   -0.12{col 49}{space 3}0.907{col 57}{space 4}-6.817153{col 70}{space 3} 6.048677
{txt}{space 10}1994  {c |}{col 17}{res}{space 2}-1.637372{col 29}{space 2} 2.699588{col 40}{space 1}   -0.61{col 49}{space 3}0.545{col 57}{space 4}-6.945879{col 70}{space 3} 3.671134
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 9.722772{col 29}{space 2} 3.993168{col 40}{space 1}    2.43{col 49}{space 3}0.015{col 57}{space 4} 1.870552{col 70}{space 3} 17.57499
{txt}{space 10}1996  {c |}{col 17}{res}{space 2}  1.13348{col 29}{space 2} 3.711878{col 40}{space 1}    0.31{col 49}{space 3}0.760{col 57}{space 4}-6.165609{col 70}{space 3} 8.432568
{txt}{space 10}1997  {c |}{col 17}{res}{space 2}-1.066164{col 29}{space 2} 3.334915{col 40}{space 1}   -0.32{col 49}{space 3}0.749{col 57}{space 4}-7.623987{col 70}{space 3} 5.491659
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}-2.201295{col 29}{space 2}  3.32474{col 40}{space 1}   -0.66{col 49}{space 3}0.508{col 57}{space 4}-8.739108{col 70}{space 3} 4.336519
{txt}{space 10}1999  {c |}{col 17}{res}{space 2}-4.820022{col 29}{space 2} 4.011999{col 40}{space 1}   -1.20{col 49}{space 3}0.230{col 57}{space 4}-12.70927{col 70}{space 3} 3.069228
{txt}{space 10}2000  {c |}{col 17}{res}{space 2}-1.645245{col 29}{space 2}  3.58172{col 40}{space 1}   -0.46{col 49}{space 3}0.646{col 57}{space 4}-8.688389{col 70}{space 3} 5.397899
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} -.733954{col 29}{space 2} 4.349449{col 40}{space 1}   -0.17{col 49}{space 3}0.866{col 57}{space 4} -9.28677{col 70}{space 3} 7.818862
{txt}{space 10}2002  {c |}{col 17}{res}{space 2} -3.35124{col 29}{space 2} 3.864694{col 40}{space 1}   -0.87{col 49}{space 3}0.386{col 57}{space 4}-10.95083{col 70}{space 3} 4.248347
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 1.015366{col 29}{space 2} 4.556821{col 40}{space 1}    0.22{col 49}{space 3}0.824{col 57}{space 4} -7.94523{col 70}{space 3} 9.975961
{txt}{space 10}2004  {c |}{col 17}{res}{space 2}-1.192496{col 29}{space 2} 4.079428{col 40}{space 1}   -0.29{col 49}{space 3}0.770{col 57}{space 4}-9.214339{col 70}{space 3} 6.829347
{txt}{space 10}2005  {c |}{col 17}{res}{space 2}-1.558927{col 29}{space 2}  4.75815{col 40}{space 1}   -0.33{col 49}{space 3}0.743{col 57}{space 4}-10.91542{col 70}{space 3} 7.797566
{txt}{space 10}2006  {c |}{col 17}{res}{space 2}-2.460945{col 29}{space 2} 4.380094{col 40}{space 1}   -0.56{col 49}{space 3}0.575{col 57}{space 4}-11.07402{col 70}{space 3} 6.152131
{txt}{space 10}2007  {c |}{col 17}{res}{space 2}-3.340711{col 29}{space 2} 4.662753{col 40}{space 1}   -0.72{col 49}{space 3}0.474{col 57}{space 4}-12.50961{col 70}{space 3}  5.82819
{txt}{space 10}2008  {c |}{col 17}{res}{space 2}-1.891089{col 29}{space 2} 4.758781{col 40}{space 1}   -0.40{col 49}{space 3}0.691{col 57}{space 4}-11.24882{col 70}{space 3} 7.466644
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-3.321797{col 29}{space 2} 4.815759{col 40}{space 1}   -0.69{col 49}{space 3}0.491{col 57}{space 4}-12.79157{col 70}{space 3} 6.147977
{txt}{space 10}2010  {c |}{col 17}{res}{space 2}-1.839656{col 29}{space 2} 5.570037{col 40}{space 1}   -0.33{col 49}{space 3}0.741{col 57}{space 4}-12.79265{col 70}{space 3} 9.113342
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} .0912449{col 29}{space 2}  6.71357{col 40}{space 1}    0.01{col 49}{space 3}0.989{col 57}{space 4}-13.11041{col 70}{space 3}  13.2929
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict klarnerranneyhatallpost if year>1980 & nonsouth==0
{txt}(option xb assumed; fitted values)
(2,919 missing values generated)

{com}. 
. 
. *
.  
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.klarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney = 0{p_end}

{txt}       F(  1,   369) ={res}   23.05
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY) *
. 
. test l.klarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranney = 0{p_end}

{txt}       F(  2,   369) ={res}   13.04
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0022837{col 26}{space 2} .0023706{col 37}{space 1}    0.96{col 46}{space 3}0.336{col 54}{space 4}-.0023778{col 67}{space 3} .0069452
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} .0055367{col 26}{space 2}  .004445{col 37}{space 1}    1.25{col 46}{space 3}0.213{col 54}{space 4}-.0031752{col 67}{space 3} .0142487
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum real_pc_inc_ann  if klarnerranneyhatallpost !=. & year > 1980 & nonsouth==0, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 9164.067       8530.043
{txt} 5%    {res} 9893.871       8604.584
{txt}10%    {res}  10517.3       8624.711       {txt}Obs         {res}        420
{txt}25%    {res}    11966       9026.411       {txt}Sum of Wgt. {res}        420

{txt}50%    {res} 13484.73                      {txt}Mean          {res} 13632.63
                        {txt}Largest       Std. Dev.     {res} 2401.816
{txt}75%    {res} 15294.64       20300.61
{txt}90%    {res} 16587.38       20446.41       {txt}Variance      {res}  5768719
{txt}95%    {res} 17515.28       20757.53       {txt}Skewness      {res} .3038151
{txt}99%    {res} 20132.85       20864.72       {txt}Kurtosis      {res} 2.816816
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF  real_pc_inc_ann ON klarnerranney:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*15294.64   -  (_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])*11966

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / -_b[l.klarnerranney])*15294.64 - (_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])*11966

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 18.42978{col 26}{space 2}  14.7957{col 37}{space 1}    1.25{col 46}{space 3}0.213{col 54}{space 4}-10.56926{col 67}{space 3} 47.42882
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. restore 
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. preserve
{txt}
{com}. 
. 
. 
. 
. 
. 
. 
. //(4,3)  MODEL
. 
. 
. 
. 
. *** III.A: NEW SOUTH STATES (N = 5): FULL TIME PERIOD (1942 -2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  i.state_fips i.year if newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       325{col 27}-2319.461{col 38} -2029.66{col 49}    77{col 58} 4213.319{col 69} 4504.674
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  i.state_fips i.year if newsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       325
{txt}maximum lag: {res}8{col 49}{txt}F( 76,       248){col 67}= {res}    109.68
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0452308{col 29}{space 2} .0258441{col 40}{space 1}   -1.75{col 49}{space 3}0.081{col 57}{space 4}-.0961326{col 70}{space 3}  .005671
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} -.780631{col 29}{space 2} .9021713{col 40}{space 1}   -0.87{col 49}{space 3}0.388{col 57}{space 4}-2.557526{col 70}{space 3} .9962635
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .1546148{col 29}{space 2}  .097109{col 40}{space 1}    1.59{col 49}{space 3}0.113{col 57}{space 4}-.0366488{col 70}{space 3} .3458783
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2} .2991938{col 29}{space 2} 1.036872{col 40}{space 1}    0.29{col 49}{space 3}0.773{col 57}{space 4}-1.743004{col 70}{space 3} 2.341392
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}  .234834{col 29}{space 2} .0575728{col 40}{space 1}    4.08{col 49}{space 3}0.000{col 57}{space 4}   .12144{col 70}{space 3} .3482279
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} 1.024877{col 29}{space 2}  1.11965{col 40}{space 1}    0.92{col 49}{space 3}0.361{col 57}{space 4} -1.18036{col 70}{space 3} 3.230113
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0139295{col 29}{space 2} .0845221{col 40}{space 1}   -0.16{col 49}{space 3}0.869{col 57}{space 4}-.1804021{col 70}{space 3}  .152543
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} 1.448015{col 29}{space 2} 1.281275{col 40}{space 1}    1.13{col 49}{space 3}0.260{col 57}{space 4}-1.075552{col 70}{space 3} 3.971583
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 12}13  {c |}{col 17}{res}{space 2}-63.18968{col 29}{space 2} 40.62463{col 40}{space 1}   -1.56{col 49}{space 3}0.121{col 57}{space 4} -143.203{col 70}{space 3} 16.82361
{txt}{space 12}37  {c |}{col 17}{res}{space 2}-62.44733{col 29}{space 2} 42.77326{col 40}{space 1}   -1.46{col 49}{space 3}0.146{col 57}{space 4}-146.6925{col 70}{space 3} 21.79785
{txt}{space 12}48  {c |}{col 17}{res}{space 2}-27.50781{col 29}{space 2} 34.85302{col 40}{space 1}   -0.79{col 49}{space 3}0.431{col 57}{space 4}-96.15346{col 70}{space 3} 41.13785
{txt}{space 12}51  {c |}{col 17}{res}{space 2}  59.3096{col 29}{space 2} 26.50141{col 40}{space 1}    2.24{col 49}{space 3}0.026{col 57}{space 4} 7.113076{col 70}{space 3} 111.5061
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1947  {c |}{col 17}{res}{space 2} 49.15412{col 29}{space 2}  167.452{col 40}{space 1}    0.29{col 49}{space 3}0.769{col 57}{space 4}-280.6553{col 70}{space 3} 378.9635
{txt}{space 10}1948  {c |}{col 17}{res}{space 2} 674.1414{col 29}{space 2} 114.9895{col 40}{space 1}    5.86{col 49}{space 3}0.000{col 57}{space 4} 447.6608{col 70}{space 3} 900.6219
{txt}{space 10}1949  {c |}{col 17}{res}{space 2} 635.2958{col 29}{space 2} 186.8801{col 40}{space 1}    3.40{col 49}{space 3}0.001{col 57}{space 4} 267.2213{col 70}{space 3}  1003.37
{txt}{space 10}1950  {c |}{col 17}{res}{space 2}   807.77{col 29}{space 2}  133.657{col 40}{space 1}    6.04{col 49}{space 3}0.000{col 57}{space 4} 544.5223{col 70}{space 3} 1071.018
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 538.8871{col 29}{space 2} 120.7958{col 40}{space 1}    4.46{col 49}{space 3}0.000{col 57}{space 4} 300.9706{col 70}{space 3} 776.8036
{txt}{space 10}1952  {c |}{col 17}{res}{space 2}  549.505{col 29}{space 2} 128.4414{col 40}{space 1}    4.28{col 49}{space 3}0.000{col 57}{space 4} 296.5299{col 70}{space 3} 802.4801
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 586.3846{col 29}{space 2} 123.4908{col 40}{space 1}    4.75{col 49}{space 3}0.000{col 57}{space 4} 343.1602{col 70}{space 3}  829.609
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 467.1919{col 29}{space 2} 117.8687{col 40}{space 1}    3.96{col 49}{space 3}0.000{col 57}{space 4} 235.0406{col 70}{space 3} 699.3433
{txt}{space 10}1955  {c |}{col 17}{res}{space 2} 836.0267{col 29}{space 2} 118.9573{col 40}{space 1}    7.03{col 49}{space 3}0.000{col 57}{space 4} 601.7314{col 70}{space 3} 1070.322
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 697.3913{col 29}{space 2} 122.9987{col 40}{space 1}    5.67{col 49}{space 3}0.000{col 57}{space 4}  455.136{col 70}{space 3} 939.6466
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 325.8794{col 29}{space 2} 132.9733{col 40}{space 1}    2.45{col 49}{space 3}0.015{col 57}{space 4} 63.97851{col 70}{space 3} 587.7803
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 496.0221{col 29}{space 2} 121.4146{col 40}{space 1}    4.09{col 49}{space 3}0.000{col 57}{space 4} 256.8869{col 70}{space 3} 735.1573
{txt}{space 10}1959  {c |}{col 17}{res}{space 2} 799.1647{col 29}{space 2} 114.5062{col 40}{space 1}    6.98{col 49}{space 3}0.000{col 57}{space 4}  573.636{col 70}{space 3} 1024.693
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 526.6036{col 29}{space 2} 129.2127{col 40}{space 1}    4.08{col 49}{space 3}0.000{col 57}{space 4} 272.1094{col 70}{space 3} 781.0979
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 593.3621{col 29}{space 2} 131.0078{col 40}{space 1}    4.53{col 49}{space 3}0.000{col 57}{space 4} 335.3322{col 70}{space 3} 851.3919
{txt}{space 10}1962  {c |}{col 17}{res}{space 2} 750.4727{col 29}{space 2} 115.8726{col 40}{space 1}    6.48{col 49}{space 3}0.000{col 57}{space 4} 522.2528{col 70}{space 3} 978.6926
{txt}{space 10}1963  {c |}{col 17}{res}{space 2} 711.3331{col 29}{space 2} 132.3152{col 40}{space 1}    5.38{col 49}{space 3}0.000{col 57}{space 4} 450.7284{col 70}{space 3} 971.9379
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 860.4896{col 29}{space 2} 126.5413{col 40}{space 1}    6.80{col 49}{space 3}0.000{col 57}{space 4} 611.2569{col 70}{space 3} 1109.722
{txt}{space 10}1965  {c |}{col 17}{res}{space 2}  844.526{col 29}{space 2} 129.3297{col 40}{space 1}    6.53{col 49}{space 3}0.000{col 57}{space 4} 589.8014{col 70}{space 3} 1099.251
{txt}{space 10}1966  {c |}{col 17}{res}{space 2} 842.7905{col 29}{space 2} 142.9076{col 40}{space 1}    5.90{col 49}{space 3}0.000{col 57}{space 4} 561.3232{col 70}{space 3} 1124.258
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 878.8761{col 29}{space 2} 133.7493{col 40}{space 1}    6.57{col 49}{space 3}0.000{col 57}{space 4} 615.4468{col 70}{space 3} 1142.305
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 926.4697{col 29}{space 2} 141.6086{col 40}{space 1}    6.54{col 49}{space 3}0.000{col 57}{space 4} 647.5608{col 70}{space 3} 1205.379
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 920.6468{col 29}{space 2} 156.4562{col 40}{space 1}    5.88{col 49}{space 3}0.000{col 57}{space 4} 612.4945{col 70}{space 3} 1228.799
{txt}{space 10}1970  {c |}{col 17}{res}{space 2} 691.6866{col 29}{space 2} 164.5301{col 40}{space 1}    4.20{col 49}{space 3}0.000{col 57}{space 4} 367.6321{col 70}{space 3} 1015.741
{txt}{space 10}1971  {c |}{col 17}{res}{space 2} 843.0201{col 29}{space 2} 159.3493{col 40}{space 1}    5.29{col 49}{space 3}0.000{col 57}{space 4} 529.1696{col 70}{space 3} 1156.871
{txt}{space 10}1972  {c |}{col 17}{res}{space 2}  1254.55{col 29}{space 2}  165.126{col 40}{space 1}    7.60{col 49}{space 3}0.000{col 57}{space 4} 929.3221{col 70}{space 3} 1579.779
{txt}{space 10}1973  {c |}{col 17}{res}{space 2} 1089.487{col 29}{space 2} 189.4021{col 40}{space 1}    5.75{col 49}{space 3}0.000{col 57}{space 4} 716.4458{col 70}{space 3} 1462.529
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 359.6695{col 29}{space 2} 203.9635{col 40}{space 1}    1.76{col 49}{space 3}0.079{col 57}{space 4}-42.05202{col 70}{space 3} 761.3911
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 531.7475{col 29}{space 2} 206.3729{col 40}{space 1}    2.58{col 49}{space 3}0.011{col 57}{space 4} 125.2804{col 70}{space 3} 938.2147
{txt}{space 10}1976  {c |}{col 17}{res}{space 2} 1231.553{col 29}{space 2} 183.3575{col 40}{space 1}    6.72{col 49}{space 3}0.000{col 57}{space 4} 870.4166{col 70}{space 3}  1592.69
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 1037.245{col 29}{space 2} 217.4313{col 40}{space 1}    4.77{col 49}{space 3}0.000{col 57}{space 4} 608.9974{col 70}{space 3} 1465.492
{txt}{space 10}1978  {c |}{col 17}{res}{space 2} 1110.677{col 29}{space 2} 230.7435{col 40}{space 1}    4.81{col 49}{space 3}0.000{col 57}{space 4} 656.2107{col 70}{space 3} 1565.144
{txt}{space 10}1979  {c |}{col 17}{res}{space 2} 650.4844{col 29}{space 2} 209.2652{col 40}{space 1}    3.11{col 49}{space 3}0.002{col 57}{space 4} 238.3208{col 70}{space 3} 1062.648
{txt}{space 10}1980  {c |}{col 17}{res}{space 2} 518.4567{col 29}{space 2} 222.1192{col 40}{space 1}    2.33{col 49}{space 3}0.020{col 57}{space 4} 80.97613{col 70}{space 3} 955.9373
{txt}{space 10}1981  {c |}{col 17}{res}{space 2} 1016.321{col 29}{space 2} 234.0949{col 40}{space 1}    4.34{col 49}{space 3}0.000{col 57}{space 4} 555.2533{col 70}{space 3} 1477.389
{txt}{space 10}1982  {c |}{col 17}{res}{space 2} 829.6268{col 29}{space 2}  227.546{col 40}{space 1}    3.65{col 49}{space 3}0.000{col 57}{space 4} 381.4577{col 70}{space 3} 1277.796
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} 1162.281{col 29}{space 2} 224.6968{col 40}{space 1}    5.17{col 49}{space 3}0.000{col 57}{space 4} 719.7241{col 70}{space 3} 1604.839
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} 1422.868{col 29}{space 2} 222.9622{col 40}{space 1}    6.38{col 49}{space 3}0.000{col 57}{space 4} 983.7266{col 70}{space 3} 1862.009
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 1045.964{col 29}{space 2} 246.2976{col 40}{space 1}    4.25{col 49}{space 3}0.000{col 57}{space 4} 560.8626{col 70}{space 3} 1531.066
{txt}{space 10}1986  {c |}{col 17}{res}{space 2} 1040.356{col 29}{space 2} 227.8924{col 40}{space 1}    4.57{col 49}{space 3}0.000{col 57}{space 4} 591.5044{col 70}{space 3} 1489.207
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} 921.2033{col 29}{space 2}  227.468{col 40}{space 1}    4.05{col 49}{space 3}0.000{col 57}{space 4} 473.1878{col 70}{space 3} 1369.219
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} 1159.077{col 29}{space 2} 252.9562{col 40}{space 1}    4.58{col 49}{space 3}0.000{col 57}{space 4} 660.8606{col 70}{space 3} 1657.293
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} 1088.446{col 29}{space 2} 266.4708{col 40}{space 1}    4.08{col 49}{space 3}0.000{col 57}{space 4} 563.6115{col 70}{space 3}  1613.28
{txt}{space 10}1990  {c |}{col 17}{res}{space 2} 722.5585{col 29}{space 2} 302.1554{col 40}{space 1}    2.39{col 49}{space 3}0.018{col 57}{space 4} 127.4406{col 70}{space 3} 1317.676
{txt}{space 10}1991  {c |}{col 17}{res}{space 2}  687.803{col 29}{space 2} 280.3506{col 40}{space 1}    2.45{col 49}{space 3}0.015{col 57}{space 4} 135.6313{col 70}{space 3} 1239.975
{txt}{space 10}1992  {c |}{col 17}{res}{space 2} 1264.076{col 29}{space 2} 282.8403{col 40}{space 1}    4.47{col 49}{space 3}0.000{col 57}{space 4} 707.0004{col 70}{space 3} 1821.151
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} 1048.109{col 29}{space 2} 294.8703{col 40}{space 1}    3.55{col 49}{space 3}0.000{col 57}{space 4}   467.34{col 70}{space 3} 1628.879
{txt}{space 10}1994  {c |}{col 17}{res}{space 2}   1092.8{col 29}{space 2} 312.2383{col 40}{space 1}    3.50{col 49}{space 3}0.001{col 57}{space 4} 477.8234{col 70}{space 3} 1707.778
{txt}{space 10}1995  {c |}{col 17}{res}{space 2}  1145.45{col 29}{space 2} 288.9039{col 40}{space 1}    3.96{col 49}{space 3}0.000{col 57}{space 4} 576.4316{col 70}{space 3} 1714.468
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} 1183.097{col 29}{space 2}   303.97{col 40}{space 1}    3.89{col 49}{space 3}0.000{col 57}{space 4} 584.4056{col 70}{space 3} 1781.789
{txt}{space 10}1997  {c |}{col 17}{res}{space 2} 1281.323{col 29}{space 2} 312.3664{col 40}{space 1}    4.10{col 49}{space 3}0.000{col 57}{space 4} 666.0933{col 70}{space 3} 1896.552
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}  1560.74{col 29}{space 2} 312.1393{col 40}{space 1}    5.00{col 49}{space 3}0.000{col 57}{space 4} 945.9582{col 70}{space 3} 2175.522
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 1171.224{col 29}{space 2} 316.9183{col 40}{space 1}    3.70{col 49}{space 3}0.000{col 57}{space 4} 547.0295{col 70}{space 3} 1795.419
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 1408.568{col 29}{space 2} 329.8447{col 40}{space 1}    4.27{col 49}{space 3}0.000{col 57}{space 4} 758.9136{col 70}{space 3} 2058.222
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} 969.7245{col 29}{space 2} 304.0931{col 40}{space 1}    3.19{col 49}{space 3}0.002{col 57}{space 4} 370.7901{col 70}{space 3} 1568.659
{txt}{space 10}2002  {c |}{col 17}{res}{space 2}  833.801{col 29}{space 2} 352.7013{col 40}{space 1}    2.36{col 49}{space 3}0.019{col 57}{space 4}  139.129{col 70}{space 3} 1528.473
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 1145.436{col 29}{space 2} 321.1085{col 40}{space 1}    3.57{col 49}{space 3}0.000{col 57}{space 4} 512.9882{col 70}{space 3} 1777.883
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 1538.705{col 29}{space 2} 363.5166{col 40}{space 1}    4.23{col 49}{space 3}0.000{col 57}{space 4} 822.7316{col 70}{space 3} 2254.679
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 1406.468{col 29}{space 2} 386.0298{col 40}{space 1}    3.64{col 49}{space 3}0.000{col 57}{space 4} 646.1527{col 70}{space 3} 2166.783
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 1367.744{col 29}{space 2} 364.9252{col 40}{space 1}    3.75{col 49}{space 3}0.000{col 57}{space 4} 648.9966{col 70}{space 3} 2086.492
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} 1246.676{col 29}{space 2} 351.7546{col 40}{space 1}    3.54{col 49}{space 3}0.000{col 57}{space 4}  553.869{col 70}{space 3} 1939.483
{txt}{space 10}2008  {c |}{col 17}{res}{space 2} 909.9408{col 29}{space 2} 440.3336{col 40}{space 1}    2.07{col 49}{space 3}0.040{col 57}{space 4} 42.67042{col 70}{space 3} 1777.211
{txt}{space 10}2009  {c |}{col 17}{res}{space 2} 179.1449{col 29}{space 2} 361.6519{col 40}{space 1}    0.50{col 49}{space 3}0.621{col 57}{space 4}-533.1559{col 70}{space 3} 891.4457
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} 1424.008{col 29}{space 2} 389.8275{col 40}{space 1}    3.65{col 49}{space 3}0.000{col 57}{space 4} 656.2133{col 70}{space 3} 2191.803
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} -238.024{col 29}{space 2}  159.226{col 40}{space 1}   -1.49{col 49}{space 3}0.136{col 57}{space 4}-551.6317{col 70}{space 3} 75.58373
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallfull if newsouth==1
{txt}(option xb assumed; fitted values)
(3,014 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   248) ={res}    3.06
{txt}{col 13}Prob > F ={res}    0.0813
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   248) ={res}    1.90
{txt}{col 13}Prob > F ={res}    0.1524
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney  +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.772086{col 26}{space 2} 2.425599{col 37}{space 1}    1.14{col 46}{space 3}0.254{col 54}{space 4}-2.005315{col 67}{space 3} 7.549487
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-17.25883{col 26}{space 2} 22.19186{col 37}{space 1}   -0.78{col 46}{space 3}0.437{col 54}{space 4}-60.75408{col 67}{space 3} 26.23641
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. qui regress d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if newsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       325{col 27}-113.9815{col 38}-23.58147{col 49}    77{col 58} 201.1629{col 69} 492.5175
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. *
. 
. newey d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if newsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       325
{txt}maximum lag: {res}8{col 49}{txt}F( 76,       248){col 67}= {res}      7.20
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.              {col 18}{c |}{col 30}  Newey-West
{col 1}ihsklarnerranney{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      t{col 50}   P>|t|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
ihsklarnerranney {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.1117839{col 30}{space 2} .0367084{col 41}{space 1}   -3.05{col 50}{space 3}0.003{col 58}{space 4}-.1840839{col 71}{space 3}-.0394838
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0000493{col 30}{space 2}   .00004{col 41}{space 1}   -1.23{col 50}{space 3}0.219{col 58}{space 4}-.0001281{col 71}{space 3} .0000294
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 13}LD. {c |}{col 18}{res}{space 2} .0285011{col 30}{space 2} .0543122{col 41}{space 1}    0.52{col 50}{space 3}0.600{col 58}{space 4}-.0784708{col 71}{space 3} .1354731
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}D1. {c |}{col 18}{res}{space 2}-.0000774{col 30}{space 2} .0000971{col 41}{space 1}   -0.80{col 50}{space 3}0.426{col 58}{space 4}-.0002685{col 71}{space 3} .0001138
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2}-.3332317{col 30}{space 2} .0788319{col 41}{space 1}   -4.23{col 50}{space 3}0.000{col 58}{space 4} -.488497{col 71}{space 3}-.1779664
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}LD. {c |}{col 18}{res}{space 2} .0001136{col 30}{space 2} .0000997{col 41}{space 1}    1.14{col 50}{space 3}0.256{col 58}{space 4}-.0000829{col 71}{space 3}   .00031
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L3D. {c |}{col 18}{res}{space 2}-.1069256{col 30}{space 2} .0704856{col 41}{space 1}   -1.52{col 50}{space 3}0.131{col 58}{space 4}-.2457523{col 71}{space 3} .0319011
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2} .0001448{col 30}{space 2} .0001192{col 41}{space 1}    1.21{col 50}{space 3}0.226{col 58}{space 4}  -.00009{col 71}{space 3} .0003795
{txt}{space 16} {c |}
{space 6}state_fips {c |}
{space 13}13  {c |}{col 18}{res}{space 2}-.1305604{col 30}{space 2} .0917895{col 41}{space 1}   -1.42{col 50}{space 3}0.156{col 58}{space 4}-.3113468{col 71}{space 3} .0502259
{txt}{space 13}37  {c |}{col 18}{res}{space 2}-.1187606{col 30}{space 2} .0863836{col 41}{space 1}   -1.37{col 50}{space 3}0.170{col 58}{space 4}-.2888996{col 71}{space 3} .0513784
{txt}{space 13}48  {c |}{col 18}{res}{space 2}-.1250059{col 30}{space 2} .0943944{col 41}{space 1}   -1.32{col 50}{space 3}0.187{col 58}{space 4}-.3109228{col 71}{space 3} .0609109
{txt}{space 13}51  {c |}{col 18}{res}{space 2}-.0095833{col 30}{space 2} .0422194{col 41}{space 1}   -0.23{col 50}{space 3}0.821{col 58}{space 4}-.0927376{col 71}{space 3} .0735711
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1947  {c |}{col 18}{res}{space 2} .0123737{col 30}{space 2} .1766224{col 41}{space 1}    0.07{col 50}{space 3}0.944{col 58}{space 4}-.3354976{col 71}{space 3} .3602449
{txt}{space 11}1948  {c |}{col 18}{res}{space 2} .0674199{col 30}{space 2} .1724936{col 41}{space 1}    0.39{col 50}{space 3}0.696{col 58}{space 4}-.2723193{col 71}{space 3} .4071591
{txt}{space 11}1949  {c |}{col 18}{res}{space 2}-.1007667{col 30}{space 2} .1866761{col 41}{space 1}   -0.54{col 50}{space 3}0.590{col 58}{space 4}-.4684394{col 71}{space 3} .2669061
{txt}{space 11}1950  {c |}{col 18}{res}{space 2}-.0387061{col 30}{space 2} .1545109{col 41}{space 1}   -0.25{col 50}{space 3}0.802{col 58}{space 4} -.343027{col 71}{space 3} .2656149
{txt}{space 11}1951  {c |}{col 18}{res}{space 2}  .101806{col 30}{space 2} .4385352{col 41}{space 1}    0.23{col 50}{space 3}0.817{col 58}{space 4}-.7619223{col 71}{space 3} .9655343
{txt}{space 11}1952  {c |}{col 18}{res}{space 2}-.0252946{col 30}{space 2} .1248239{col 41}{space 1}   -0.20{col 50}{space 3}0.840{col 58}{space 4}-.2711447{col 71}{space 3} .2205555
{txt}{space 11}1953  {c |}{col 18}{res}{space 2} .4108546{col 30}{space 2} .3650551{col 41}{space 1}    1.13{col 50}{space 3}0.261{col 58}{space 4} -.308149{col 71}{space 3} 1.129858
{txt}{space 11}1954  {c |}{col 18}{res}{space 2} .0634047{col 30}{space 2} .1522847{col 41}{space 1}    0.42{col 50}{space 3}0.678{col 58}{space 4}-.2365315{col 71}{space 3} .3633409
{txt}{space 11}1955  {c |}{col 18}{res}{space 2} .2056609{col 30}{space 2} .2671787{col 41}{space 1}    0.77{col 50}{space 3}0.442{col 58}{space 4}-.3205676{col 71}{space 3} .7318895
{txt}{space 11}1956  {c |}{col 18}{res}{space 2} .1032756{col 30}{space 2} .1763858{col 41}{space 1}    0.59{col 50}{space 3}0.559{col 58}{space 4}-.2441297{col 71}{space 3} .4506808
{txt}{space 11}1957  {c |}{col 18}{res}{space 2} .1188451{col 30}{space 2}  .157484{col 41}{space 1}    0.75{col 50}{space 3}0.451{col 58}{space 4}-.1913315{col 71}{space 3} .4290217
{txt}{space 11}1958  {c |}{col 18}{res}{space 2} .0858943{col 30}{space 2}  .158457{col 41}{space 1}    0.54{col 50}{space 3}0.588{col 58}{space 4}-.2261988{col 71}{space 3} .3979874
{txt}{space 11}1959  {c |}{col 18}{res}{space 2}-.0894452{col 30}{space 2} .2762855{col 41}{space 1}   -0.32{col 50}{space 3}0.746{col 58}{space 4}-.6336104{col 71}{space 3}   .45472
{txt}{space 11}1960  {c |}{col 18}{res}{space 2}  .069987{col 30}{space 2} .1726107{col 41}{space 1}    0.41{col 50}{space 3}0.685{col 58}{space 4}-.2699829{col 71}{space 3} .4099569
{txt}{space 11}1961  {c |}{col 18}{res}{space 2} .2360603{col 30}{space 2} .2432635{col 41}{space 1}    0.97{col 50}{space 3}0.333{col 58}{space 4}-.2430657{col 71}{space 3} .7151862
{txt}{space 11}1962  {c |}{col 18}{res}{space 2} .2555929{col 30}{space 2} .2907616{col 41}{space 1}    0.88{col 50}{space 3}0.380{col 58}{space 4} -.317084{col 71}{space 3} .8282699
{txt}{space 11}1963  {c |}{col 18}{res}{space 2} .6912511{col 30}{space 2} .2593436{col 41}{space 1}    2.67{col 50}{space 3}0.008{col 58}{space 4} .1804542{col 71}{space 3} 1.202048
{txt}{space 11}1964  {c |}{col 18}{res}{space 2} .5231922{col 30}{space 2} .2263027{col 41}{space 1}    2.31{col 50}{space 3}0.022{col 58}{space 4} .0774718{col 71}{space 3} .9689126
{txt}{space 11}1965  {c |}{col 18}{res}{space 2} .1337987{col 30}{space 2} .4795299{col 41}{space 1}    0.28{col 50}{space 3}0.780{col 58}{space 4}-.8106717{col 71}{space 3} 1.078269
{txt}{space 11}1966  {c |}{col 18}{res}{space 2} .4278384{col 30}{space 2} .2268784{col 41}{space 1}    1.89{col 50}{space 3}0.060{col 58}{space 4}-.0190158{col 71}{space 3} .8746926
{txt}{space 11}1967  {c |}{col 18}{res}{space 2}  .987604{col 30}{space 2} .3613777{col 41}{space 1}    2.73{col 50}{space 3}0.007{col 58}{space 4} .2758434{col 71}{space 3} 1.699365
{txt}{space 11}1968  {c |}{col 18}{res}{space 2} .5399732{col 30}{space 2} .2590497{col 41}{space 1}    2.08{col 50}{space 3}0.038{col 58}{space 4} .0297552{col 71}{space 3} 1.050191
{txt}{space 11}1969  {c |}{col 18}{res}{space 2} .6903335{col 30}{space 2} .3156803{col 41}{space 1}    2.19{col 50}{space 3}0.030{col 58}{space 4} .0685773{col 71}{space 3}  1.31209
{txt}{space 11}1970  {c |}{col 18}{res}{space 2} .6146276{col 30}{space 2} .2644167{col 41}{space 1}    2.32{col 50}{space 3}0.021{col 58}{space 4} .0938389{col 71}{space 3} 1.135416
{txt}{space 11}1971  {c |}{col 18}{res}{space 2}  .363776{col 30}{space 2} .2919648{col 41}{space 1}    1.25{col 50}{space 3}0.214{col 58}{space 4}-.2112707{col 71}{space 3} .9388227
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} .5173128{col 30}{space 2} .3324174{col 41}{space 1}    1.56{col 50}{space 3}0.121{col 58}{space 4}-.1374084{col 71}{space 3} 1.172034
{txt}{space 11}1973  {c |}{col 18}{res}{space 2} .7399259{col 30}{space 2} .3286736{col 41}{space 1}    2.25{col 50}{space 3}0.025{col 58}{space 4} .0925783{col 71}{space 3} 1.387274
{txt}{space 11}1974  {c |}{col 18}{res}{space 2} .4191281{col 30}{space 2} .2872869{col 41}{space 1}    1.46{col 50}{space 3}0.146{col 58}{space 4}-.1467052{col 71}{space 3} .9849614
{txt}{space 11}1975  {c |}{col 18}{res}{space 2} .1195375{col 30}{space 2} .4492387{col 41}{space 1}    0.27{col 50}{space 3}0.790{col 58}{space 4}-.7652722{col 71}{space 3} 1.004347
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} .5877652{col 30}{space 2} .3979965{col 41}{space 1}    1.48{col 50}{space 3}0.141{col 58}{space 4} -.196119{col 71}{space 3} 1.371649
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} .3717143{col 30}{space 2} .3746392{col 41}{space 1}    0.99{col 50}{space 3}0.322{col 58}{space 4} -.366166{col 71}{space 3} 1.109595
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} .4323684{col 30}{space 2} .3580395{col 41}{space 1}    1.21{col 50}{space 3}0.228{col 58}{space 4}-.2728175{col 71}{space 3} 1.137554
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} .6440876{col 30}{space 2} .3861253{col 41}{space 1}    1.67{col 50}{space 3}0.097{col 58}{space 4}-.1164154{col 71}{space 3} 1.404591
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} .5845744{col 30}{space 2} .3374805{col 41}{space 1}    1.73{col 50}{space 3}0.084{col 58}{space 4}-.0801191{col 71}{space 3} 1.249268
{txt}{space 11}1981  {c |}{col 18}{res}{space 2} .9221162{col 30}{space 2} .4224715{col 41}{space 1}    2.18{col 50}{space 3}0.030{col 58}{space 4} .0900266{col 71}{space 3} 1.754206
{txt}{space 11}1982  {c |}{col 18}{res}{space 2} .7008733{col 30}{space 2}  .393155{col 41}{space 1}    1.78{col 50}{space 3}0.076{col 58}{space 4}-.0734753{col 71}{space 3} 1.475222
{txt}{space 11}1983  {c |}{col 18}{res}{space 2} .5669918{col 30}{space 2} .3895193{col 41}{space 1}    1.46{col 50}{space 3}0.147{col 58}{space 4} -.200196{col 71}{space 3}  1.33418
{txt}{space 11}1984  {c |}{col 18}{res}{space 2} .6761567{col 30}{space 2} .4187444{col 41}{space 1}    1.61{col 50}{space 3}0.108{col 58}{space 4}-.1485921{col 71}{space 3} 1.500905
{txt}{space 11}1985  {c |}{col 18}{res}{space 2} .7707309{col 30}{space 2} .4084971{col 41}{space 1}    1.89{col 50}{space 3}0.060{col 58}{space 4}-.0338351{col 71}{space 3} 1.575297
{txt}{space 11}1986  {c |}{col 18}{res}{space 2} .5870417{col 30}{space 2} .4042267{col 41}{space 1}    1.45{col 50}{space 3}0.148{col 58}{space 4}-.2091133{col 71}{space 3} 1.383197
{txt}{space 11}1987  {c |}{col 18}{res}{space 2} .7911753{col 30}{space 2} .4274156{col 41}{space 1}    1.85{col 50}{space 3}0.065{col 58}{space 4}-.0506521{col 71}{space 3} 1.633003
{txt}{space 11}1988  {c |}{col 18}{res}{space 2} .7341035{col 30}{space 2} .4503225{col 41}{space 1}    1.63{col 50}{space 3}0.104{col 58}{space 4}-.1528408{col 71}{space 3} 1.621048
{txt}{space 11}1989  {c |}{col 18}{res}{space 2} .8728529{col 30}{space 2} .4718717{col 41}{space 1}    1.85{col 50}{space 3}0.066{col 58}{space 4} -.056534{col 71}{space 3}  1.80224
{txt}{space 11}1990  {c |}{col 18}{res}{space 2}  .722708{col 30}{space 2} .4530362{col 41}{space 1}    1.60{col 50}{space 3}0.112{col 58}{space 4}-.1695811{col 71}{space 3} 1.614997
{txt}{space 11}1991  {c |}{col 18}{res}{space 2} .7740083{col 30}{space 2} .4692608{col 41}{space 1}    1.65{col 50}{space 3}0.100{col 58}{space 4}-.1502363{col 71}{space 3} 1.698253
{txt}{space 11}1992  {c |}{col 18}{res}{space 2} .9257593{col 30}{space 2} .5201994{col 41}{space 1}    1.78{col 50}{space 3}0.076{col 58}{space 4}-.0988128{col 71}{space 3} 1.950331
{txt}{space 11}1993  {c |}{col 18}{res}{space 2} .9091648{col 30}{space 2} .5111932{col 41}{space 1}    1.78{col 50}{space 3}0.077{col 58}{space 4}-.0976688{col 71}{space 3} 1.915999
{txt}{space 11}1994  {c |}{col 18}{res}{space 2} .8254979{col 30}{space 2} .4933166{col 41}{space 1}    1.67{col 50}{space 3}0.096{col 58}{space 4}-.1461265{col 71}{space 3} 1.797122
{txt}{space 11}1995  {c |}{col 18}{res}{space 2} 1.034681{col 30}{space 2} .5158261{col 41}{space 1}    2.01{col 50}{space 3}0.046{col 58}{space 4} .0187227{col 71}{space 3}  2.05064
{txt}{space 11}1996  {c |}{col 18}{res}{space 2} .8477246{col 30}{space 2} .5145748{col 41}{space 1}    1.65{col 50}{space 3}0.101{col 58}{space 4}-.1657694{col 71}{space 3} 1.861219
{txt}{space 11}1997  {c |}{col 18}{res}{space 2} .9242313{col 30}{space 2} .5352006{col 41}{space 1}    1.73{col 50}{space 3}0.085{col 58}{space 4}-.1298869{col 71}{space 3} 1.978349
{txt}{space 11}1998  {c |}{col 18}{res}{space 2} .8864095{col 30}{space 2} .5525263{col 41}{space 1}    1.60{col 50}{space 3}0.110{col 58}{space 4}-.2018328{col 71}{space 3} 1.974652
{txt}{space 11}1999  {c |}{col 18}{res}{space 2}  .761653{col 30}{space 2} .5479396{col 41}{space 1}    1.39{col 50}{space 3}0.166{col 58}{space 4}-.3175556{col 71}{space 3} 1.840862
{txt}{space 11}2000  {c |}{col 18}{res}{space 2}  .853675{col 30}{space 2} .5653145{col 41}{space 1}    1.51{col 50}{space 3}0.132{col 58}{space 4}-.2597547{col 71}{space 3} 1.967105
{txt}{space 11}2001  {c |}{col 18}{res}{space 2} .8344704{col 30}{space 2} .5749631{col 41}{space 1}    1.45{col 50}{space 3}0.148{col 58}{space 4} -.297963{col 71}{space 3} 1.966904
{txt}{space 11}2002  {c |}{col 18}{res}{space 2} .8391927{col 30}{space 2} .5742945{col 41}{space 1}    1.46{col 50}{space 3}0.145{col 58}{space 4}-.2919238{col 71}{space 3} 1.970309
{txt}{space 11}2003  {c |}{col 18}{res}{space 2} .9631741{col 30}{space 2} .6268169{col 41}{space 1}    1.54{col 50}{space 3}0.126{col 58}{space 4}-.2713892{col 71}{space 3} 2.197737
{txt}{space 11}2004  {c |}{col 18}{res}{space 2} .9955886{col 30}{space 2} .6457575{col 41}{space 1}    1.54{col 50}{space 3}0.124{col 58}{space 4}-.2762797{col 71}{space 3} 2.267457
{txt}{space 11}2005  {c |}{col 18}{res}{space 2}  .914195{col 30}{space 2} .6285857{col 41}{space 1}    1.45{col 50}{space 3}0.147{col 58}{space 4} -.323852{col 71}{space 3} 2.152242
{txt}{space 11}2006  {c |}{col 18}{res}{space 2} .9217366{col 30}{space 2} .6147388{col 41}{space 1}    1.50{col 50}{space 3}0.135{col 58}{space 4}-.2890379{col 71}{space 3} 2.132511
{txt}{space 11}2007  {c |}{col 18}{res}{space 2} .9187014{col 30}{space 2} .6187288{col 41}{space 1}    1.48{col 50}{space 3}0.139{col 58}{space 4}-.2999317{col 71}{space 3} 2.137334
{txt}{space 11}2008  {c |}{col 18}{res}{space 2} .9630649{col 30}{space 2} .6141392{col 41}{space 1}    1.57{col 50}{space 3}0.118{col 58}{space 4}-.2465286{col 71}{space 3} 2.172658
{txt}{space 11}2009  {c |}{col 18}{res}{space 2} .9438715{col 30}{space 2} .6036117{col 41}{space 1}    1.56{col 50}{space 3}0.119{col 58}{space 4}-.2449874{col 71}{space 3}  2.13273
{txt}{space 11}2010  {c |}{col 18}{res}{space 2} 1.043465{col 30}{space 2} .6820784{col 41}{space 1}    1.53{col 50}{space 3}0.127{col 58}{space 4}-.2999402{col 71}{space 3}  2.38687
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .5187406{col 30}{space 2} .2710043{col 41}{space 1}    1.91{col 50}{space 3}0.057{col 58}{space 4}-.0150229{col 71}{space 3} 1.052504
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict ihsklarnerranneyhatallfull if newsouth==1
{txt}(option xb assumed; fitted values)
(3,014 missing values generated)

{com}. 
. 
. 
. 
.  
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.ihsklarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney = 0{p_end}

{txt}       F(  1,   248) ={res}    9.27
{txt}{col 13}Prob > F ={res}    0.0026
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.ihsklarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.ihsklarnerranney = 0{p_end}

{txt}       F(  2,   248) ={res}    4.66
{txt}{col 13}Prob > F ={res}    0.0104
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann  +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .000181{col 26}{space 2} .0001449{col 37}{space 1}    1.25{col 46}{space 3}0.213{col 54}{space 4}-.0001044{col 67}{space 3} .0004664
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-.0004413{col 26}{space 2} .0003181{col 37}{space 1}   -1.39{col 46}{space 3}0.165{col 54}{space 4}-.0010647{col 67}{space 3} .0001822
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. //(4,3)  MODEL
. 
. 
. 
. 
. *** III.B: NEW SOUTH STATES (N = 5): PRE-PARTISAN ALIGNMENT TIME PERIOD (1942 - 1980) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  i.state_fips i.year if year <=1980 & newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       175{col 27}-1227.273{col 38}-1040.148{col 49}    47{col 58} 2174.295{col 69}  2323.04
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  i.state_fips i.year if year <=1980 & newsouth==1, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       175
{txt}maximum lag: {res}6{col 49}{txt}F( 46,       128){col 67}= {res}     90.91
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.2019729{col 29}{space 2} .0675772{col 40}{space 1}   -2.99{col 49}{space 3}0.003{col 57}{space 4} -.335686{col 70}{space 3}-.0682598
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} 4.359067{col 29}{space 2} 1.410163{col 40}{space 1}    3.09{col 49}{space 3}0.002{col 57}{space 4} 1.568819{col 70}{space 3} 7.149314
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .1271186{col 29}{space 2} .1473991{col 40}{space 1}    0.86{col 49}{space 3}0.390{col 57}{space 4}-.1645357{col 70}{space 3} .4187729
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}  3.02185{col 29}{space 2} 1.130067{col 40}{space 1}    2.67{col 49}{space 3}0.008{col 57}{space 4} .7858194{col 70}{space 3} 5.257882
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .1236531{col 29}{space 2} .0840526{col 40}{space 1}    1.47{col 49}{space 3}0.144{col 57}{space 4}-.0426593{col 70}{space 3} .2899656
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} -1.28684{col 29}{space 2} 1.233317{col 40}{space 1}   -1.04{col 49}{space 3}0.299{col 57}{space 4}-3.727167{col 70}{space 3} 1.153488
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .0006789{col 29}{space 2} .0823932{col 40}{space 1}    0.01{col 49}{space 3}0.993{col 57}{space 4}  -.16235{col 70}{space 3} .1637079
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} 1.287918{col 29}{space 2} 1.037059{col 40}{space 1}    1.24{col 49}{space 3}0.217{col 57}{space 4}-.7640813{col 70}{space 3} 3.339917
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 12}13  {c |}{col 17}{res}{space 2}-167.4203{col 29}{space 2}  74.9239{col 40}{space 1}   -2.23{col 49}{space 3}0.027{col 57}{space 4}  -315.67{col 70}{space 3}-19.17056
{txt}{space 12}37  {c |}{col 17}{res}{space 2}-244.4939{col 29}{space 2} 91.31778{col 40}{space 1}   -2.68{col 49}{space 3}0.008{col 57}{space 4}-425.1818{col 70}{space 3}-63.80611
{txt}{space 12}48  {c |}{col 17}{res}{space 2} 62.15492{col 29}{space 2} 36.58454{col 40}{space 1}    1.70{col 49}{space 3}0.092{col 57}{space 4}-10.23383{col 70}{space 3} 134.5437
{txt}{space 12}51  {c |}{col 17}{res}{space 2} 16.07793{col 29}{space 2} 35.51697{col 40}{space 1}    0.45{col 49}{space 3}0.652{col 57}{space 4}-54.19846{col 70}{space 3} 86.35433
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1947  {c |}{col 17}{res}{space 2}-54.96301{col 29}{space 2} 155.5018{col 40}{space 1}   -0.35{col 49}{space 3}0.724{col 57}{space 4}-362.6498{col 70}{space 3} 252.7238
{txt}{space 10}1948  {c |}{col 17}{res}{space 2} 439.6344{col 29}{space 2} 128.3658{col 40}{space 1}    3.42{col 49}{space 3}0.001{col 57}{space 4} 185.6407{col 70}{space 3} 693.6281
{txt}{space 10}1949  {c |}{col 17}{res}{space 2} 422.0108{col 29}{space 2} 166.9598{col 40}{space 1}    2.53{col 49}{space 3}0.013{col 57}{space 4} 91.65219{col 70}{space 3} 752.3694
{txt}{space 10}1950  {c |}{col 17}{res}{space 2} 665.3455{col 29}{space 2} 116.2376{col 40}{space 1}    5.72{col 49}{space 3}0.000{col 57}{space 4} 435.3496{col 70}{space 3} 895.3413
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 457.4633{col 29}{space 2} 106.0351{col 40}{space 1}    4.31{col 49}{space 3}0.000{col 57}{space 4} 247.6548{col 70}{space 3} 667.2717
{txt}{space 10}1952  {c |}{col 17}{res}{space 2} 512.1188{col 29}{space 2} 101.2513{col 40}{space 1}    5.06{col 49}{space 3}0.000{col 57}{space 4} 311.7758{col 70}{space 3} 712.4619
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 538.5299{col 29}{space 2} 98.74167{col 40}{space 1}    5.45{col 49}{space 3}0.000{col 57}{space 4} 343.1526{col 70}{space 3} 733.9071
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 446.2183{col 29}{space 2} 100.7744{col 40}{space 1}    4.43{col 49}{space 3}0.000{col 57}{space 4}  246.819{col 70}{space 3} 645.6175
{txt}{space 10}1955  {c |}{col 17}{res}{space 2} 808.8476{col 29}{space 2} 107.5145{col 40}{space 1}    7.52{col 49}{space 3}0.000{col 57}{space 4} 596.1117{col 70}{space 3} 1021.583
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 723.5151{col 29}{space 2} 117.0772{col 40}{space 1}    6.18{col 49}{space 3}0.000{col 57}{space 4} 491.8578{col 70}{space 3} 955.1723
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 422.2484{col 29}{space 2} 132.9221{col 40}{space 1}    3.18{col 49}{space 3}0.002{col 57}{space 4} 159.2394{col 70}{space 3} 685.2575
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 549.8222{col 29}{space 2} 121.4357{col 40}{space 1}    4.53{col 49}{space 3}0.000{col 57}{space 4}  309.541{col 70}{space 3} 790.1035
{txt}{space 10}1959  {c |}{col 17}{res}{space 2} 826.4777{col 29}{space 2} 124.9069{col 40}{space 1}    6.62{col 49}{space 3}0.000{col 57}{space 4} 579.3281{col 70}{space 3} 1073.627
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 614.0916{col 29}{space 2} 129.6705{col 40}{space 1}    4.74{col 49}{space 3}0.000{col 57}{space 4} 357.5164{col 70}{space 3} 870.6668
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 701.9265{col 29}{space 2} 137.6007{col 40}{space 1}    5.10{col 49}{space 3}0.000{col 57}{space 4} 429.6599{col 70}{space 3} 974.1931
{txt}{space 10}1962  {c |}{col 17}{res}{space 2} 851.6627{col 29}{space 2} 126.9521{col 40}{space 1}    6.71{col 49}{space 3}0.000{col 57}{space 4} 600.4663{col 70}{space 3} 1102.859
{txt}{space 10}1963  {c |}{col 17}{res}{space 2} 848.2586{col 29}{space 2} 145.5025{col 40}{space 1}    5.83{col 49}{space 3}0.000{col 57}{space 4} 560.3571{col 70}{space 3}  1136.16
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 1035.702{col 29}{space 2} 150.6208{col 40}{space 1}    6.88{col 49}{space 3}0.000{col 57}{space 4}  737.673{col 70}{space 3} 1333.731
{txt}{space 10}1965  {c |}{col 17}{res}{space 2} 1073.067{col 29}{space 2} 156.7504{col 40}{space 1}    6.85{col 49}{space 3}0.000{col 57}{space 4} 762.9098{col 70}{space 3} 1383.225
{txt}{space 10}1966  {c |}{col 17}{res}{space 2}  1134.51{col 29}{space 2}  180.143{col 40}{space 1}    6.30{col 49}{space 3}0.000{col 57}{space 4} 778.0661{col 70}{space 3} 1490.954
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 1182.491{col 29}{space 2} 194.2372{col 40}{space 1}    6.09{col 49}{space 3}0.000{col 57}{space 4} 798.1597{col 70}{space 3} 1566.823
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 1279.654{col 29}{space 2} 216.2104{col 40}{space 1}    5.92{col 49}{space 3}0.000{col 57}{space 4} 851.8447{col 70}{space 3} 1707.463
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 1306.856{col 29}{space 2} 244.2379{col 40}{space 1}    5.35{col 49}{space 3}0.000{col 57}{space 4} 823.5896{col 70}{space 3} 1790.122
{txt}{space 10}1970  {c |}{col 17}{res}{space 2} 1130.746{col 29}{space 2} 266.0799{col 40}{space 1}    4.25{col 49}{space 3}0.000{col 57}{space 4} 604.2612{col 70}{space 3}  1657.23
{txt}{space 10}1971  {c |}{col 17}{res}{space 2} 1307.372{col 29}{space 2} 282.0771{col 40}{space 1}    4.63{col 49}{space 3}0.000{col 57}{space 4} 749.2347{col 70}{space 3}  1865.51
{txt}{space 10}1972  {c |}{col 17}{res}{space 2} 1726.835{col 29}{space 2} 301.4983{col 40}{space 1}    5.73{col 49}{space 3}0.000{col 57}{space 4} 1130.269{col 70}{space 3} 2323.401
{txt}{space 10}1973  {c |}{col 17}{res}{space 2} 1660.653{col 29}{space 2} 334.9531{col 40}{space 1}    4.96{col 49}{space 3}0.000{col 57}{space 4} 997.8913{col 70}{space 3} 2323.415
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 1040.633{col 29}{space 2} 349.0572{col 40}{space 1}    2.98{col 49}{space 3}0.003{col 57}{space 4}  349.964{col 70}{space 3} 1731.303
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 1163.755{col 29}{space 2}  377.846{col 40}{space 1}    3.08{col 49}{space 3}0.003{col 57}{space 4} 416.1225{col 70}{space 3} 1911.388
{txt}{space 10}1976  {c |}{col 17}{res}{space 2} 1772.147{col 29}{space 2} 359.3879{col 40}{space 1}    4.93{col 49}{space 3}0.000{col 57}{space 4} 1061.036{col 70}{space 3} 2483.257
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 1705.919{col 29}{space 2} 389.5451{col 40}{space 1}    4.38{col 49}{space 3}0.000{col 57}{space 4} 935.1369{col 70}{space 3}   2476.7
{txt}{space 10}1978  {c |}{col 17}{res}{space 2} 1884.181{col 29}{space 2} 423.3845{col 40}{space 1}    4.45{col 49}{space 3}0.000{col 57}{space 4} 1046.442{col 70}{space 3} 2721.919
{txt}{space 10}1979  {c |}{col 17}{res}{space 2}  1475.26{col 29}{space 2} 414.9114{col 40}{space 1}    3.56{col 49}{space 3}0.001{col 57}{space 4} 654.2873{col 70}{space 3} 2296.234
{txt}{space 10}1980  {c |}{col 17}{res}{space 2} 1340.359{col 29}{space 2}  453.092{col 40}{space 1}    2.96{col 49}{space 3}0.004{col 57}{space 4} 443.8386{col 70}{space 3} 2236.878
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 664.9785{col 29}{space 2} 362.0295{col 40}{space 1}    1.84{col 49}{space 3}0.069{col 57}{space 4}-51.35869{col 70}{space 3} 1381.316
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpre if year<=1980 & newsouth==1
{txt}(option xb assumed; fitted values)
(3,164 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   128) ={res}    8.93
{txt}{col 13}Prob > F ={res}    0.0034
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   128) ={res}    7.76
{txt}{col 13}Prob > F ={res}    0.0007
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.022929{col 26}{space 2} 2.158753{col 37}{space 1}    1.40{col 46}{space 3}0.164{col 54}{space 4}-1.248533{col 67}{space 3} 7.294391
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 21.58244{col 26}{space 2} 9.030215{col 37}{space 1}    2.39{col 46}{space 3}0.017{col 54}{space 4}  3.88354{col 67}{space 3} 39.28133
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum klarnerranney   if real_pc_inc_annhatallpre!=. & year<=1980 & newsouth==1, detail

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res}        0              0
{txt} 5%    {res}        0              0
{txt}10%    {res} .4878049              0       {txt}Obs         {res}        175
{txt}25%    {res} 4.290876              0       {txt}Sum of Wgt. {res}        175

{txt}50%    {res}     13.5                      {txt}Mean          {res} 19.04453
                        {txt}Largest       Std. Dev.     {res} 18.52999
{txt}75%    {res} 25.56989           72.5
{txt}90%    {res} 48.16667       73.33333       {txt}Variance      {res} 343.3606
{txt}95%    {res} 60.83333       74.43978       {txt}Skewness      {res} 1.298429
{txt}99%    {res} 74.43978       74.43978       {txt}Kurtosis      {res} 4.021216
{txt}
{com}. 
. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF  klarnerranney ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF klarnerranney MINUS 25TH PERCENTILE VALUE OF klarnerranney FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*25.56989  -  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*4.290876

       {txt}_nl_1:  {res}(_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*25.56989 - (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*4.290876

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}  459.253{col 26}{space 2} 192.1541{col 37}{space 1}    2.39{col 46}{space 3}0.017{col 54}{space 4}  82.6379{col 67}{space 3}  835.868
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui regress d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year <=1980 & newsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       175{col 27}-109.2568{col 38}-56.18684{col 49}    47{col 58} 206.3737{col 69} 355.1186
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. newey d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year <=1980 & newsouth==1, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       175
{txt}maximum lag: {res}6{col 49}{txt}F( 46,       128){col 67}= {res}      7.45
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.              {col 18}{c |}{col 30}  Newey-West
{col 1}ihsklarnerranney{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      t{col 50}   P>|t|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
ihsklarnerranney {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.1618837{col 30}{space 2}  .062269{col 41}{space 1}   -2.60{col 50}{space 3}0.010{col 58}{space 4}-.2850934{col 71}{space 3}-.0386739
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0002903{col 30}{space 2} .0001557{col 41}{space 1}   -1.86{col 50}{space 3}0.065{col 58}{space 4}-.0005984{col 71}{space 3} .0000177
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 13}LD. {c |}{col 18}{res}{space 2}  .051062{col 30}{space 2} .0760304{col 41}{space 1}    0.67{col 50}{space 3}0.503{col 58}{space 4}-.0993771{col 71}{space 3} .2015012
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}D1. {c |}{col 18}{res}{space 2}-.0000513{col 30}{space 2} .0002708{col 41}{space 1}   -0.19{col 50}{space 3}0.850{col 58}{space 4}-.0005872{col 71}{space 3} .0004845
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2} -.326674{col 30}{space 2} .0870544{col 41}{space 1}   -3.75{col 50}{space 3}0.000{col 58}{space 4} -.498926{col 71}{space 3} -.154422
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}LD. {c |}{col 18}{res}{space 2} .0003947{col 30}{space 2} .0003209{col 41}{space 1}    1.23{col 50}{space 3}0.221{col 58}{space 4}-.0002403{col 71}{space 3} .0010297
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L3D. {c |}{col 18}{res}{space 2}-.1095641{col 30}{space 2} .0785243{col 41}{space 1}   -1.40{col 50}{space 3}0.165{col 58}{space 4}-.2649378{col 71}{space 3} .0458096
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2} .0005654{col 30}{space 2} .0002843{col 41}{space 1}    1.99{col 50}{space 3}0.049{col 58}{space 4} 2.93e-06{col 71}{space 3} .0011279
{txt}{space 16} {c |}
{space 6}state_fips {c |}
{space 13}13  {c |}{col 18}{res}{space 2}-.5163312{col 30}{space 2} .2317439{col 41}{space 1}   -2.23{col 50}{space 3}0.028{col 58}{space 4}-.9748761{col 71}{space 3}-.0577864
{txt}{space 13}37  {c |}{col 18}{res}{space 2}-.5055612{col 30}{space 2} .2221235{col 41}{space 1}   -2.28{col 50}{space 3}0.025{col 58}{space 4}-.9450705{col 71}{space 3}-.0660519
{txt}{space 13}48  {c |}{col 18}{res}{space 2} -.366413{col 30}{space 2} .1656932{col 41}{space 1}   -2.21{col 50}{space 3}0.029{col 58}{space 4}-.6942654{col 71}{space 3}-.0385606
{txt}{space 13}51  {c |}{col 18}{res}{space 2}-.1252436{col 30}{space 2} .0744235{col 41}{space 1}   -1.68{col 50}{space 3}0.095{col 58}{space 4}-.2725033{col 71}{space 3} .0220161
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1947  {c |}{col 18}{res}{space 2} .1887437{col 30}{space 2} .2530343{col 41}{space 1}    0.75{col 50}{space 3}0.457{col 58}{space 4}-.3119279{col 71}{space 3} .6894152
{txt}{space 11}1948  {c |}{col 18}{res}{space 2} .3617555{col 30}{space 2} .3507177{col 41}{space 1}    1.03{col 50}{space 3}0.304{col 58}{space 4}-.3321993{col 71}{space 3}  1.05571
{txt}{space 11}1949  {c |}{col 18}{res}{space 2} .0909182{col 30}{space 2} .2862014{col 41}{space 1}    0.32{col 50}{space 3}0.751{col 58}{space 4}-.4753801{col 71}{space 3} .6572165
{txt}{space 11}1950  {c |}{col 18}{res}{space 2}-.0671164{col 30}{space 2}  .268775{col 41}{space 1}   -0.25{col 50}{space 3}0.803{col 58}{space 4}-.5989338{col 71}{space 3} .4647009
{txt}{space 11}1951  {c |}{col 18}{res}{space 2} .0688539{col 30}{space 2} .4018077{col 41}{space 1}    0.17{col 50}{space 3}0.864{col 58}{space 4}-.7261913{col 71}{space 3} .8638991
{txt}{space 11}1952  {c |}{col 18}{res}{space 2}-.0828399{col 30}{space 2} .2153089{col 41}{space 1}   -0.38{col 50}{space 3}0.701{col 58}{space 4}-.5088654{col 71}{space 3} .3431857
{txt}{space 11}1953  {c |}{col 18}{res}{space 2} .4873068{col 30}{space 2} .3705148{col 41}{space 1}    1.32{col 50}{space 3}0.191{col 58}{space 4}  -.24582{col 71}{space 3} 1.220434
{txt}{space 11}1954  {c |}{col 18}{res}{space 2} .1783185{col 30}{space 2} .2240099{col 41}{space 1}    0.80{col 50}{space 3}0.427{col 58}{space 4}-.2649234{col 71}{space 3} .6215603
{txt}{space 11}1955  {c |}{col 18}{res}{space 2} .3641715{col 30}{space 2} .3508966{col 41}{space 1}    1.04{col 50}{space 3}0.301{col 58}{space 4}-.3301375{col 71}{space 3}  1.05848
{txt}{space 11}1956  {c |}{col 18}{res}{space 2} .3081083{col 30}{space 2}  .298472{col 41}{space 1}    1.03{col 50}{space 3}0.304{col 58}{space 4}-.2824695{col 71}{space 3} .8986861
{txt}{space 11}1957  {c |}{col 18}{res}{space 2} .2791335{col 30}{space 2} .2244965{col 41}{space 1}    1.24{col 50}{space 3}0.216{col 58}{space 4}-.1650712{col 71}{space 3} .7233381
{txt}{space 11}1958  {c |}{col 18}{res}{space 2} .3703226{col 30}{space 2}  .286672{col 41}{space 1}    1.29{col 50}{space 3}0.199{col 58}{space 4} -.196907{col 71}{space 3} .9375522
{txt}{space 11}1959  {c |}{col 18}{res}{space 2} .2995003{col 30}{space 2} .4378629{col 41}{space 1}    0.68{col 50}{space 3}0.495{col 58}{space 4}-.5668862{col 71}{space 3} 1.165887
{txt}{space 11}1960  {c |}{col 18}{res}{space 2}  .410772{col 30}{space 2} .3146466{col 41}{space 1}    1.31{col 50}{space 3}0.194{col 58}{space 4}  -.21181{col 71}{space 3} 1.033354
{txt}{space 11}1961  {c |}{col 18}{res}{space 2} .5348615{col 30}{space 2} .3561841{col 41}{space 1}    1.50{col 50}{space 3}0.136{col 58}{space 4}-.1699096{col 71}{space 3} 1.239633
{txt}{space 11}1962  {c |}{col 18}{res}{space 2} .6510654{col 30}{space 2} .4617554{col 41}{space 1}    1.41{col 50}{space 3}0.161{col 58}{space 4}-.2625964{col 71}{space 3} 1.564727
{txt}{space 11}1963  {c |}{col 18}{res}{space 2} 1.081172{col 30}{space 2} .4320628{col 41}{space 1}    2.50{col 50}{space 3}0.014{col 58}{space 4} .2262616{col 71}{space 3} 1.936082
{txt}{space 11}1964  {c |}{col 18}{res}{space 2}  .933179{col 30}{space 2} .4591925{col 41}{space 1}    2.03{col 50}{space 3}0.044{col 58}{space 4} .0245881{col 71}{space 3}  1.84177
{txt}{space 11}1965  {c |}{col 18}{res}{space 2} .6078254{col 30}{space 2} .5768567{col 41}{space 1}    1.05{col 50}{space 3}0.294{col 58}{space 4}-.5335842{col 71}{space 3} 1.749235
{txt}{space 11}1966  {c |}{col 18}{res}{space 2}  .926275{col 30}{space 2} .4710774{col 41}{space 1}    1.97{col 50}{space 3}0.051{col 58}{space 4}-.0058322{col 71}{space 3} 1.858382
{txt}{space 11}1967  {c |}{col 18}{res}{space 2} 1.577012{col 30}{space 2} .6176945{col 41}{space 1}    2.55{col 50}{space 3}0.012{col 58}{space 4} .3547974{col 71}{space 3} 2.799226
{txt}{space 11}1968  {c |}{col 18}{res}{space 2}  1.23484{col 30}{space 2}  .620845{col 41}{space 1}    1.99{col 50}{space 3}0.049{col 58}{space 4} .0063918{col 71}{space 3} 2.463287
{txt}{space 11}1969  {c |}{col 18}{res}{space 2} 1.494084{col 30}{space 2}  .686712{col 41}{space 1}    2.18{col 50}{space 3}0.031{col 58}{space 4} .1353075{col 71}{space 3} 2.852861
{txt}{space 11}1970  {c |}{col 18}{res}{space 2} 1.527729{col 30}{space 2} .7108101{col 41}{space 1}    2.15{col 50}{space 3}0.033{col 58}{space 4} .1212693{col 71}{space 3} 2.934188
{txt}{space 11}1971  {c |}{col 18}{res}{space 2} 1.395185{col 30}{space 2} .8083959{col 41}{space 1}    1.73{col 50}{space 3}0.087{col 58}{space 4}-.2043643{col 71}{space 3} 2.994735
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} 1.683616{col 30}{space 2} .8979155{col 41}{space 1}    1.88{col 50}{space 3}0.063{col 58}{space 4}-.0930634{col 71}{space 3} 3.460295
{txt}{space 11}1973  {c |}{col 18}{res}{space 2} 1.916104{col 30}{space 2} .9031476{col 41}{space 1}    2.12{col 50}{space 3}0.036{col 58}{space 4}  .129072{col 71}{space 3} 3.703136
{txt}{space 11}1974  {c |}{col 18}{res}{space 2} 1.623418{col 30}{space 2} .8460477{col 41}{space 1}    1.92{col 50}{space 3}0.057{col 58}{space 4}-.0506319{col 71}{space 3} 3.297468
{txt}{space 11}1975  {c |}{col 18}{res}{space 2} 1.523202{col 30}{space 2} 1.112665{col 41}{space 1}    1.37{col 50}{space 3}0.173{col 58}{space 4}-.6783959{col 71}{space 3} 3.724801
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} 2.206851{col 30}{space 2} 1.137371{col 41}{space 1}    1.94{col 50}{space 3}0.055{col 58}{space 4}-.0436313{col 71}{space 3} 4.457333
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} 1.909098{col 30}{space 2} 1.086663{col 41}{space 1}    1.76{col 50}{space 3}0.081{col 58}{space 4}-.2410503{col 71}{space 3} 4.059246
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} 1.832593{col 30}{space 2} 1.076976{col 41}{space 1}    1.70{col 50}{space 3}0.091{col 58}{space 4}-.2983885{col 71}{space 3} 3.963575
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} 2.166689{col 30}{space 2} 1.029738{col 41}{space 1}    2.10{col 50}{space 3}0.037{col 58}{space 4} .1291762{col 71}{space 3} 4.204202
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} 2.168696{col 30}{space 2} 1.084691{col 41}{space 1}    2.00{col 50}{space 3}0.048{col 58}{space 4} .0224493{col 71}{space 3} 4.314942
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2}  1.93554{col 30}{space 2} .8857021{col 41}{space 1}    2.19{col 50}{space 3}0.031{col 58}{space 4} .1830267{col 71}{space 3} 3.688053
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict ihsklarnerranneyhatallpre if year<=1980 & newsouth==1
{txt}(option xb assumed; fitted values)
(3,164 missing values generated)

{com}. 
. 
.  
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.ihsklarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney = 0{p_end}

{txt}       F(  1,   128) ={res}    6.76
{txt}{col 13}Prob > F ={res}    0.0104
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.ihsklarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.ihsklarnerranney = 0{p_end}

{txt}       F(  2,   128) ={res}    3.72
{txt}{col 13}Prob > F ={res}    0.0270
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0009088{col 26}{space 2} .0005004{col 37}{space 1}    1.82{col 46}{space 3}0.072{col 54}{space 4}-.0000814{col 67}{space 3} .0018989
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-.0017934{col 26}{space 2} .0009095{col 37}{space 1}   -1.97{col 46}{space 3}0.049{col 54}{space 4}-.0035759{col 67}{space 3}-.0000109
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. sum real_pc_inc_ann   if ihsklarnerranneyhatallpre !=. & year<=1980 & newsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 3985.879       3938.229
{txt} 5%    {res}  4394.34       3985.879
{txt}10%    {res} 4795.101       4032.346       {txt}Obs         {res}        175
{txt}25%    {res} 5533.502       4032.384       {txt}Sum of Wgt. {res}        175

{txt}50%    {res} 6864.637                      {txt}Mean          {res} 7599.265
                        {txt}Largest       Std. Dev.     {res} 2401.131
{txt}75%    {res}  9803.36        12169.1
{txt}90%    {res} 11176.03       12264.53       {txt}Variance      {res}  5765428
{txt}95%    {res} 11976.75       12302.72       {txt}Skewness      {res} .3836934
{txt}99%    {res} 12302.72       12331.84       {txt}Kurtosis      {res} 1.881785
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF real_pc_inc_ann ON klarnerranney:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / - _b[l.ihsklarnerranney])*9803.36   -  (_b[l.real_pc_inc_ann] / - _b[l.ihsklarnerranney])*5533.502

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / - _b[l.ihsklarnerranney])*9803.36 - (_b[l.real_pc_inc_ann] / - _b[l.ihsklarnerranney])*5533.502

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-7.657636{col 26}{space 2} 3.883217{col 37}{space 1}   -1.97{col 46}{space 3}0.049{col 54}{space 4} -15.2686{col 67}{space 3}-.0466703
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
.   
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. //(4,3)  MODEL
. 
. 
. 
. 
. *** III.C: NEW SOUTH STATES (N = 5): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_tota i.state_fips i.year if year >1980 & newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       150{col 27}-1087.132{col 38}-952.1331{col 49}    48{col 58} 2000.266{col 69} 2144.777
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_tota i.state_fips i.year if year >1980 & newsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       150
{txt}maximum lag: {res}5{col 49}{txt}F( 47,       102){col 67}= {res}    145.98
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.1073587{col 34}{space 2} .0541902{col 45}{space 1}   -1.98{col 54}{space 3}0.050{col 62}{space 4}-.2148448{col 75}{space 3} .0001273
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -3.43927{col 34}{space 2} 1.686694{col 45}{space 1}   -2.04{col 54}{space 3}0.044{col 62}{space 4} -6.78482{col 75}{space 3}-.0937205
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1162182{col 34}{space 2} .1186614{col 45}{space 1}    0.98{col 54}{space 3}0.330{col 62}{space 4}-.1191462{col 75}{space 3} .3515826
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-1.075139{col 34}{space 2} 1.765026{col 45}{space 1}   -0.61{col 54}{space 3}0.544{col 62}{space 4}-4.576059{col 75}{space 3} 2.425781
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .2799433{col 34}{space 2} .0838836{col 45}{space 1}    3.34{col 54}{space 3}0.001{col 62}{space 4} .1135605{col 75}{space 3} .4463261
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 2.159554{col 34}{space 2} 1.951546{col 45}{space 1}    1.11{col 54}{space 3}0.271{col 62}{space 4}-1.711328{col 75}{space 3} 6.030435
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} .0465882{col 34}{space 2}  .165514{col 45}{space 1}    0.28{col 54}{space 3}0.779{col 62}{space 4}-.2817081{col 75}{space 3} .3748845
{txt}{space 20} {c |}
{space 7}klarnerranney {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} 1.247012{col 34}{space 2} 2.494562{col 45}{space 1}    0.50{col 54}{space 3}0.618{col 62}{space 4}-3.700941{col 75}{space 3} 6.194964
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-564.9802{col 34}{space 2} 1553.367{col 45}{space 1}   -0.36{col 54}{space 3}0.717{col 62}{space 4}-3646.076{col 75}{space 3} 2516.116
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-508.2374{col 34}{space 2} 2462.566{col 45}{space 1}   -0.21{col 54}{space 3}0.837{col 62}{space 4}-5392.726{col 75}{space 3} 4376.251
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 76.09269{col 34}{space 2} 79.07652{col 45}{space 1}    0.96{col 54}{space 3}0.338{col 62}{space 4} -80.7552{col 75}{space 3} 232.9406
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-173.1789{col 34}{space 2} 53.35778{col 45}{space 1}   -3.25{col 54}{space 3}0.002{col 62}{space 4}-279.0138{col 75}{space 3}-67.34401
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-201.7891{col 34}{space 2} 1092.883{col 45}{space 1}   -0.18{col 54}{space 3}0.854{col 62}{space 4}-2369.517{col 75}{space 3} 1965.939
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-947.1025{col 34}{space 2}  2006.15{col 45}{space 1}   -0.47{col 54}{space 3}0.638{col 62}{space 4}-4926.292{col 75}{space 3} 3032.087
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 17}13  {c |}{col 22}{res}{space 2}-158.5668{col 34}{space 2} 81.72413{col 45}{space 1}   -1.94{col 54}{space 3}0.055{col 62}{space 4}-320.6662{col 75}{space 3} 3.532625
{txt}{space 17}37  {c |}{col 22}{res}{space 2}-172.8781{col 34}{space 2} 89.26996{col 45}{space 1}   -1.94{col 54}{space 3}0.056{col 62}{space 4}-349.9446{col 75}{space 3} 4.188424
{txt}{space 17}48  {c |}{col 22}{res}{space 2}-58.72502{col 34}{space 2} 77.27348{col 45}{space 1}   -0.76{col 54}{space 3}0.449{col 62}{space 4}-211.9966{col 75}{space 3} 94.54656
{txt}{space 17}51  {c |}{col 22}{res}{space 2} 171.7297{col 34}{space 2} 65.08354{col 45}{space 1}    2.64{col 54}{space 3}0.010{col 62}{space 4} 42.63676{col 75}{space 3} 300.8226
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-127.4073{col 34}{space 2} 150.0804{col 45}{space 1}   -0.85{col 54}{space 3}0.398{col 62}{space 4} -425.091{col 75}{space 3} 170.2764
{txt}{space 15}1983  {c |}{col 22}{res}{space 2}  184.211{col 34}{space 2} 204.5677{col 45}{space 1}    0.90{col 54}{space 3}0.370{col 62}{space 4}-221.5481{col 75}{space 3} 589.9701
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 464.5183{col 34}{space 2} 173.8067{col 45}{space 1}    2.67{col 54}{space 3}0.009{col 62}{space 4} 119.7736{col 75}{space 3}  809.263
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 142.1027{col 34}{space 2} 247.4852{col 45}{space 1}    0.57{col 54}{space 3}0.567{col 62}{space 4} -348.783{col 75}{space 3} 632.9885
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 121.2525{col 34}{space 2} 215.9228{col 45}{space 1}    0.56{col 54}{space 3}0.576{col 62}{space 4}-307.0292{col 75}{space 3} 549.5343
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 45.82642{col 34}{space 2} 185.6982{col 45}{space 1}    0.25{col 54}{space 3}0.806{col 62}{space 4}-322.5051{col 75}{space 3}  414.158
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 308.7292{col 34}{space 2} 212.2639{col 45}{space 1}    1.45{col 54}{space 3}0.149{col 62}{space 4}-112.2953{col 75}{space 3} 729.7537
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 303.2273{col 34}{space 2} 263.9023{col 45}{space 1}    1.15{col 54}{space 3}0.253{col 62}{space 4}-220.2217{col 75}{space 3} 826.6763
{txt}{space 15}1990  {c |}{col 22}{res}{space 2}-52.17113{col 34}{space 2} 293.6171{col 45}{space 1}   -0.18{col 54}{space 3}0.859{col 62}{space 4}-634.5592{col 75}{space 3} 530.2169
{txt}{space 15}1991  {c |}{col 22}{res}{space 2}-96.90358{col 34}{space 2} 239.8244{col 45}{space 1}   -0.40{col 54}{space 3}0.687{col 62}{space 4} -572.594{col 75}{space 3} 378.7869
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 492.3668{col 34}{space 2} 270.4413{col 45}{space 1}    1.82{col 54}{space 3}0.072{col 62}{space 4}-44.05218{col 75}{space 3} 1028.786
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 355.2603{col 34}{space 2} 370.1275{col 45}{space 1}    0.96{col 54}{space 3}0.339{col 62}{space 4}-378.8858{col 75}{space 3} 1089.406
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 400.9664{col 34}{space 2} 363.2481{col 45}{space 1}    1.10{col 54}{space 3}0.272{col 62}{space 4}-319.5344{col 75}{space 3} 1121.467
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 439.3047{col 34}{space 2} 342.3384{col 45}{space 1}    1.28{col 54}{space 3}0.202{col 62}{space 4}-239.7218{col 75}{space 3} 1118.331
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 514.1996{col 34}{space 2}  371.689{col 45}{space 1}    1.38{col 54}{space 3}0.170{col 62}{space 4}-223.0438{col 75}{space 3} 1251.443
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 636.1628{col 34}{space 2}   361.43{col 45}{space 1}    1.76{col 54}{space 3}0.081{col 62}{space 4}-80.73195{col 75}{space 3} 1353.058
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 935.2328{col 34}{space 2} 389.6626{col 45}{space 1}    2.40{col 54}{space 3}0.018{col 62}{space 4}  162.339{col 75}{space 3} 1708.127
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 576.8323{col 34}{space 2} 427.1791{col 45}{space 1}    1.35{col 54}{space 3}0.180{col 62}{space 4}-270.4754{col 75}{space 3}  1424.14
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 801.2314{col 34}{space 2} 402.8151{col 45}{space 1}    1.99{col 54}{space 3}0.049{col 62}{space 4} 2.249599{col 75}{space 3} 1600.213
{txt}{space 15}2001  {c |}{col 22}{res}{space 2}  403.913{col 34}{space 2}  441.777{col 45}{space 1}    0.91{col 54}{space 3}0.363{col 62}{space 4}-472.3497{col 75}{space 3} 1280.176
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 263.2893{col 34}{space 2} 453.1358{col 45}{space 1}    0.58{col 54}{space 3}0.562{col 62}{space 4}-635.5035{col 75}{space 3} 1162.082
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 574.2633{col 34}{space 2} 428.6354{col 45}{space 1}    1.34{col 54}{space 3}0.183{col 62}{space 4}-275.9331{col 75}{space 3}  1424.46
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1013.535{col 34}{space 2} 492.5051{col 45}{space 1}    2.06{col 54}{space 3}0.042{col 62}{space 4} 36.65343{col 75}{space 3} 1990.416
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 918.8561{col 34}{space 2} 560.2573{col 45}{space 1}    1.64{col 54}{space 3}0.104{col 62}{space 4}-192.4116{col 75}{space 3} 2030.124
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 863.4324{col 34}{space 2} 533.5716{col 45}{space 1}    1.62{col 54}{space 3}0.109{col 62}{space 4}-194.9043{col 75}{space 3} 1921.769
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 730.6562{col 34}{space 2} 520.7826{col 45}{space 1}    1.40{col 54}{space 3}0.164{col 62}{space 4}-302.3137{col 75}{space 3} 1763.626
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 434.8525{col 34}{space 2} 629.3024{col 45}{space 1}    0.69{col 54}{space 3}0.491{col 62}{space 4}-813.3658{col 75}{space 3} 1683.071
{txt}{space 15}2009  {c |}{col 22}{res}{space 2}-332.6129{col 34}{space 2} 445.3801{col 45}{space 1}   -0.75{col 54}{space 3}0.457{col 62}{space 4}-1216.022{col 75}{space 3} 550.7965
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 829.2144{col 34}{space 2} 466.9505{col 45}{space 1}    1.78{col 54}{space 3}0.079{col 62}{space 4}-96.97965{col 75}{space 3} 1755.408
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 1610.234{col 34}{space 2} 569.9849{col 45}{space 1}    2.83{col 54}{space 3}0.006{col 62}{space 4}  479.672{col 75}{space 3} 2740.797
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & newsouth==1
{txt}(option xb assumed; fitted values)
(3,189 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   102) ={res}    3.92
{txt}{col 13}Prob > F ={res}    0.0503
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   102) ={res}    4.67
{txt}{col 13}Prob > F ={res}    0.0115
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney  +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.331426{col 26}{space 2} 3.974915{col 37}{space 1}    0.59{col 46}{space 3}0.559{col 54}{space 4}-5.552799{col 67}{space 3} 10.21565
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-32.03531{col 26}{space 2} 24.00766{col 37}{space 1}   -1.33{col 46}{space 3}0.182{col 54}{space 4}-79.08945{col 67}{space 3} 15.01883
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. sum klarnerranney  if real_pc_inc_annhatallpost!=. & year>1980 & newsouth==1, detail

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res}  22.2619        22.2619
{txt} 5%    {res} 30.51587        22.2619
{txt}10%    {res} 40.06452       25.83333       {txt}Obs         {res}        150
{txt}25%    {res} 56.68817       25.83333       {txt}Sum of Wgt. {res}        150

{txt}50%    {res} 76.58333                      {txt}Mean          {res} 71.16566
                        {txt}Largest       Std. Dev.     {res} 20.01031
{txt}75%    {res} 85.82796        99.6129
{txt}90%    {res} 94.91667       99.82796       {txt}Variance      {res} 400.4125
{txt}95%    {res}       98       99.82796       {txt}Skewness      {res}-.5953372
{txt}99%    {res} 99.82796            100       {txt}Kurtosis      {res}  2.55123
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF klarnerranney ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF klarnerranney MINUS 25TH PERCENTILE VALUE OF klarnerranney FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*85.82796   -  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*56.68817

       {txt}_nl_1:  {res}(_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*85.82796 - (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*56.68817

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-933.5022{col 26}{space 2} 699.5781{col 37}{space 1}   -1.33{col 46}{space 3}0.182{col 54}{space 4} -2304.65{col 67}{space 3} 437.6456
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year >1980 & newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       150{col 27}-513.1636{col 38} -464.718{col 49}    42{col 58} 1013.436{col 69} 1139.883
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year >1980 & newsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       150
{txt}maximum lag: {res}5{col 49}{txt}F( 41,       108){col 67}= {res}      5.80
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}D.klarnerranney{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.1483981{col 29}{space 2} .0569978{col 40}{space 1}   -2.60{col 49}{space 3}0.011{col 57}{space 4}-.2613776{col 70}{space 3}-.0354186
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .0024561{col 29}{space 2} .0010778{col 40}{space 1}    2.28{col 49}{space 3}0.025{col 57}{space 4} .0003197{col 70}{space 3} .0045926
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-.0452879{col 29}{space 2} .0785156{col 40}{space 1}   -0.58{col 49}{space 3}0.565{col 57}{space 4}-.2009195{col 70}{space 3} .1103437
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2} -.001198{col 29}{space 2} .0025894{col 40}{space 1}   -0.46{col 49}{space 3}0.645{col 57}{space 4}-.0063306{col 70}{space 3} .0039345
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.0597555{col 29}{space 2} .1126763{col 40}{space 1}   -0.53{col 49}{space 3}0.597{col 57}{space 4}-.2830995{col 70}{space 3} .1635885
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0034959{col 29}{space 2} .0027791{col 40}{space 1}    1.26{col 49}{space 3}0.211{col 57}{space 4}-.0020127{col 70}{space 3} .0090045
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} -.132937{col 29}{space 2} .0822149{col 40}{space 1}   -1.62{col 49}{space 3}0.109{col 57}{space 4}-.2959013{col 70}{space 3} .0300273
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.0045565{col 29}{space 2} .0031754{col 40}{space 1}   -1.43{col 49}{space 3}0.154{col 57}{space 4}-.0108508{col 70}{space 3} .0017377
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 12}13  {c |}{col 17}{res}{space 2} 2.498831{col 29}{space 2} 2.544665{col 40}{space 1}    0.98{col 49}{space 3}0.328{col 57}{space 4}-2.545137{col 70}{space 3} 7.542799
{txt}{space 12}37  {c |}{col 17}{res}{space 2} 4.668028{col 29}{space 2} 2.468541{col 40}{space 1}    1.89{col 49}{space 3}0.061{col 57}{space 4}-.2250473{col 70}{space 3} 9.561104
{txt}{space 12}48  {c |}{col 17}{res}{space 2} 3.402426{col 29}{space 2} 1.760924{col 40}{space 1}    1.93{col 49}{space 3}0.056{col 57}{space 4}-.0880302{col 70}{space 3} 6.892882
{txt}{space 12}51  {c |}{col 17}{res}{space 2}-.8658055{col 29}{space 2} 1.947055{col 40}{space 1}   -0.44{col 49}{space 3}0.657{col 57}{space 4}-4.725207{col 70}{space 3} 2.993596
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-7.815864{col 29}{space 2} 4.938678{col 40}{space 1}   -1.58{col 49}{space 3}0.116{col 57}{space 4}-17.60518{col 70}{space 3} 1.973453
{txt}{space 10}1983  {c |}{col 17}{res}{space 2}-13.89063{col 29}{space 2} 5.463932{col 40}{space 1}   -2.54{col 49}{space 3}0.012{col 57}{space 4}-24.72109{col 70}{space 3} -3.06017
{txt}{space 10}1984  {c |}{col 17}{res}{space 2}-10.59527{col 29}{space 2}  3.93936{col 40}{space 1}   -2.69{col 49}{space 3}0.008{col 57}{space 4}-18.40377{col 70}{space 3}-2.786776
{txt}{space 10}1985  {c |}{col 17}{res}{space 2}-2.329911{col 29}{space 2} 5.257766{col 40}{space 1}   -0.44{col 49}{space 3}0.659{col 57}{space 4}-12.75172{col 70}{space 3} 8.091893
{txt}{space 10}1986  {c |}{col 17}{res}{space 2}-10.01957{col 29}{space 2} 4.567471{col 40}{space 1}   -2.19{col 49}{space 3}0.030{col 57}{space 4}-19.07309{col 70}{space 3}-.9660537
{txt}{space 10}1987  {c |}{col 17}{res}{space 2}-8.200719{col 29}{space 2} 5.281803{col 40}{space 1}   -1.55{col 49}{space 3}0.123{col 57}{space 4}-18.67017{col 70}{space 3} 2.268731
{txt}{space 10}1988  {c |}{col 17}{res}{space 2}-9.357067{col 29}{space 2} 4.404909{col 40}{space 1}   -2.12{col 49}{space 3}0.036{col 57}{space 4}-18.08836{col 70}{space 3}-.6257741
{txt}{space 10}1989  {c |}{col 17}{res}{space 2}-6.257158{col 29}{space 2}   5.1601{col 40}{space 1}   -1.21{col 49}{space 3}0.228{col 57}{space 4}-16.48537{col 70}{space 3} 3.971055
{txt}{space 10}1990  {c |}{col 17}{res}{space 2}-10.86648{col 29}{space 2} 5.016981{col 40}{space 1}   -2.17{col 49}{space 3}0.033{col 57}{space 4}-20.81101{col 70}{space 3} -.921955
{txt}{space 10}1991  {c |}{col 17}{res}{space 2}-12.19183{col 29}{space 2} 4.540137{col 40}{space 1}   -2.69{col 49}{space 3}0.008{col 57}{space 4}-21.19117{col 70}{space 3}-3.192495
{txt}{space 10}1992  {c |}{col 17}{res}{space 2}-5.668643{col 29}{space 2} 5.990644{col 40}{space 1}   -0.95{col 49}{space 3}0.346{col 57}{space 4}-17.54314{col 70}{space 3} 6.205852
{txt}{space 10}1993  {c |}{col 17}{res}{space 2}-7.271169{col 29}{space 2} 5.737269{col 40}{space 1}   -1.27{col 49}{space 3}0.208{col 57}{space 4}-18.64343{col 70}{space 3} 4.101094
{txt}{space 10}1994  {c |}{col 17}{res}{space 2}-8.225642{col 29}{space 2} 5.280414{col 40}{space 1}   -1.56{col 49}{space 3}0.122{col 57}{space 4}-18.69234{col 70}{space 3} 2.241054
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 2.764828{col 29}{space 2} 8.484858{col 40}{space 1}    0.33{col 49}{space 3}0.745{col 57}{space 4}-14.05363{col 70}{space 3} 19.58329
{txt}{space 10}1996  {c |}{col 17}{res}{space 2}-7.701406{col 29}{space 2} 6.254241{col 40}{space 1}   -1.23{col 49}{space 3}0.221{col 57}{space 4} -20.0984{col 70}{space 3} 4.695586
{txt}{space 10}1997  {c |}{col 17}{res}{space 2}-7.901976{col 29}{space 2} 7.177109{col 40}{space 1}   -1.10{col 49}{space 3}0.273{col 57}{space 4}-22.12825{col 70}{space 3}   6.3243
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}-9.265275{col 29}{space 2} 7.445321{col 40}{space 1}   -1.24{col 49}{space 3}0.216{col 57}{space 4}-24.02319{col 70}{space 3} 5.492644
{txt}{space 10}1999  {c |}{col 17}{res}{space 2}-19.45159{col 29}{space 2} 8.868245{col 40}{space 1}   -2.19{col 49}{space 3}0.030{col 57}{space 4}-37.02999{col 70}{space 3}-1.873189
{txt}{space 10}2000  {c |}{col 17}{res}{space 2}-12.93995{col 29}{space 2} 7.913019{col 40}{space 1}   -1.64{col 49}{space 3}0.105{col 57}{space 4}-28.62492{col 70}{space 3} 2.745029
{txt}{space 10}2001  {c |}{col 17}{res}{space 2}-17.89669{col 29}{space 2} 8.673252{col 40}{space 1}   -2.06{col 49}{space 3}0.041{col 57}{space 4}-35.08858{col 70}{space 3}-.7048038
{txt}{space 10}2002  {c |}{col 17}{res}{space 2}-17.92244{col 29}{space 2} 7.760136{col 40}{space 1}   -2.31{col 49}{space 3}0.023{col 57}{space 4}-33.30438{col 70}{space 3}-2.540506
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} -16.9008{col 29}{space 2} 9.708463{col 40}{space 1}   -1.74{col 49}{space 3}0.085{col 57}{space 4}-36.14466{col 70}{space 3} 2.343058
{txt}{space 10}2004  {c |}{col 17}{res}{space 2}-17.48601{col 29}{space 2} 7.959148{col 40}{space 1}   -2.20{col 49}{space 3}0.030{col 57}{space 4}-33.26242{col 70}{space 3}-1.709602
{txt}{space 10}2005  {c |}{col 17}{res}{space 2}-22.23589{col 29}{space 2} 9.002318{col 40}{space 1}   -2.47{col 49}{space 3}0.015{col 57}{space 4}-40.08004{col 70}{space 3}-4.391731
{txt}{space 10}2006  {c |}{col 17}{res}{space 2}-18.42244{col 29}{space 2} 9.094439{col 40}{space 1}   -2.03{col 49}{space 3}0.045{col 57}{space 4}-36.44919{col 70}{space 3}-.3956797
{txt}{space 10}2007  {c |}{col 17}{res}{space 2}-20.41966{col 29}{space 2} 9.094551{col 40}{space 1}   -2.25{col 49}{space 3}0.027{col 57}{space 4}-38.44664{col 70}{space 3}-2.392685
{txt}{space 10}2008  {c |}{col 17}{res}{space 2}-17.51447{col 29}{space 2} 9.054758{col 40}{space 1}   -1.93{col 49}{space 3}0.056{col 57}{space 4}-35.46258{col 70}{space 3} .4336266
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-18.53967{col 29}{space 2} 9.062305{col 40}{space 1}   -2.05{col 49}{space 3}0.043{col 57}{space 4}-36.50272{col 70}{space 3}-.5766053
{txt}{space 10}2010  {c |}{col 17}{res}{space 2}-20.89144{col 29}{space 2}  8.52845{col 40}{space 1}   -2.45{col 49}{space 3}0.016{col 57}{space 4}-37.79631{col 70}{space 3}-3.986569
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-14.11448{col 29}{space 2} 14.63908{col 40}{space 1}   -0.96{col 49}{space 3}0.337{col 57}{space 4}-43.13167{col 70}{space 3} 14.90271
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict klarnerranneyhatallpost if year>1980 & newsouth==1
{txt}(option xb assumed; fitted values)
(3,189 missing values generated)

{com}. 
. 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.klarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney = 0{p_end}

{txt}       F(  1,   108) ={res}    6.78
{txt}{col 13}Prob > F ={res}    0.0105
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.klarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranney = 0{p_end}

{txt}       F(  2,   108) ={res}   10.12
{txt}{col 13}Prob > F ={res}    0.0001
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann  +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0022587{col 26}{space 2} .0046391{col 37}{space 1}   -0.49{col 46}{space 3}0.627{col 54}{space 4}-.0114541{col 67}{space 3} .0069368
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} .0165511{col 26}{space 2} .0114467{col 37}{space 1}    1.45{col 46}{space 3}0.148{col 54}{space 4} -.005884{col 67}{space 3} .0389861
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum  real_pc_inc_ann    if klarnerranneyhatallpost!=. & year>1980 & newsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 10063.01       10054.71
{txt} 5%    {res} 11693.49       10063.01
{txt}10%    {res} 12398.59       10330.47       {txt}Obs         {res}        150
{txt}25%    {res} 13297.69       10405.05       {txt}Sum of Wgt. {res}        150

{txt}50%    {res} 15453.27                      {txt}Mean          {res} 15174.25
                        {txt}Largest       Std. Dev.     {res} 2312.597
{txt}75%    {res} 16574.21       20300.61
{txt}90%    {res} 18271.44       20446.41       {txt}Variance      {res}  5348106
{txt}95%    {res} 19043.96       20757.53       {txt}Skewness      {res} .1371925
{txt}99%    {res} 20757.53       20864.72       {txt}Kurtosis      {res} 2.753477
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF  real_pc_inc_ann ON klarnerranney:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])*16574.21   -  (_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])*13297.69   

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])*16574.21 - (_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])*13297.69

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 54.22989{col 26}{space 2} 37.50528{col 37}{space 1}    1.45{col 46}{space 3}0.148{col 54}{space 4} -19.2791{col 67}{space 3} 127.7389
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. restore 
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. preserve
{txt}
{com}. 
. 
. 
. 
. //(5,4) MODEL
. 
. 
. 
. 
. *** IV.A: OLD SOUTH STATES (N = 9): FULL TIME PERIOD (1942 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  l4.d.real_pc_inc_ann l3.d.klarnerranney   i.state_fips i.year if oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       576{col 27}-3988.246{col 38}-3665.299{col 49}    82{col 58} 7494.599{col 69} 7851.799
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  l4.d.real_pc_inc_ann l3.d.klarnerranney   i.state_fips i.year if oldsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       576
{txt}maximum lag: {res}8{col 49}{txt}F( 81,       494){col 67}= {res}     37.15
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.1325401{col 29}{space 2} .0331299{col 40}{space 1}   -4.00{col 49}{space 3}0.000{col 57}{space 4} -.197633{col 70}{space 3}-.0674471
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} 1.784976{col 29}{space 2} .6754453{col 40}{space 1}    2.64{col 49}{space 3}0.008{col 57}{space 4} .4578766{col 70}{space 3} 3.112076
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .1280258{col 29}{space 2} .1129164{col 40}{space 1}    1.13{col 49}{space 3}0.257{col 57}{space 4}-.0938299{col 70}{space 3} .3498814
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2} .1446249{col 29}{space 2} 1.279782{col 40}{space 1}    0.11{col 49}{space 3}0.910{col 57}{space 4}-2.369862{col 70}{space 3} 2.659112
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .1607562{col 29}{space 2} .0825023{col 40}{space 1}    1.95{col 49}{space 3}0.052{col 57}{space 4}-.0013424{col 70}{space 3} .3228549
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-1.800817{col 29}{space 2} 1.251511{col 40}{space 1}   -1.44{col 49}{space 3}0.151{col 57}{space 4}-4.259758{col 70}{space 3} .6581252
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0590269{col 29}{space 2} .0583744{col 40}{space 1}   -1.01{col 49}{space 3}0.312{col 57}{space 4}-.1737196{col 70}{space 3} .0556658
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} -2.70119{col 29}{space 2} 1.200491{col 40}{space 1}   -2.25{col 49}{space 3}0.025{col 57}{space 4}-5.059888{col 70}{space 3}-.3424917
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L4D. {c |}{col 17}{res}{space 2} .1087663{col 29}{space 2} .0473006{col 40}{space 1}    2.30{col 49}{space 3}0.022{col 57}{space 4} .0158312{col 70}{space 3} .2017014
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}  .627979{col 29}{space 2}  1.09437{col 40}{space 1}    0.57{col 49}{space 3}0.566{col 57}{space 4}-1.522215{col 70}{space 3} 2.778173
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2}-50.85169{col 29}{space 2} 18.05539{col 40}{space 1}   -2.82{col 49}{space 3}0.005{col 57}{space 4}-86.32652{col 70}{space 3}-15.37686
{txt}{space 12}21  {c |}{col 17}{res}{space 2}-62.36974{col 29}{space 2} 29.66029{col 40}{space 1}   -2.10{col 49}{space 3}0.036{col 57}{space 4}-120.6456{col 70}{space 3}-4.093861
{txt}{space 12}22  {c |}{col 17}{res}{space 2} 72.01283{col 29}{space 2}  32.2207{col 40}{space 1}    2.23{col 49}{space 3}0.026{col 57}{space 4} 8.706305{col 70}{space 3} 135.3193
{txt}{space 12}28  {c |}{col 17}{res}{space 2}-154.4289{col 29}{space 2} 41.28085{col 40}{space 1}   -3.74{col 49}{space 3}0.000{col 57}{space 4}-235.5366{col 70}{space 3}-73.32121
{txt}{space 12}40  {c |}{col 17}{res}{space 2} 73.72825{col 29}{space 2} 31.79679{col 40}{space 1}    2.32{col 49}{space 3}0.021{col 57}{space 4} 11.25463{col 70}{space 3} 136.2019
{txt}{space 12}45  {c |}{col 17}{res}{space 2}-30.67503{col 29}{space 2} 21.71507{col 40}{space 1}   -1.41{col 49}{space 3}0.158{col 57}{space 4}-73.34031{col 70}{space 3} 11.99025
{txt}{space 12}47  {c |}{col 17}{res}{space 2} 14.03205{col 29}{space 2} 31.14334{col 40}{space 1}    0.45{col 49}{space 3}0.653{col 57}{space 4} -47.1577{col 70}{space 3}  75.2218
{txt}{space 12}54  {c |}{col 17}{res}{space 2}-89.58502{col 29}{space 2} 28.52912{col 40}{space 1}   -3.14{col 49}{space 3}0.002{col 57}{space 4}-145.6384{col 70}{space 3}-33.53164
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1948  {c |}{col 17}{res}{space 2} 530.8165{col 29}{space 2} 79.20252{col 40}{space 1}    6.70{col 49}{space 3}0.000{col 57}{space 4} 375.2012{col 70}{space 3} 686.4319
{txt}{space 10}1949  {c |}{col 17}{res}{space 2} 207.7998{col 29}{space 2} 117.1869{col 40}{space 1}    1.77{col 49}{space 3}0.077{col 57}{space 4}-22.44646{col 70}{space 3}  438.046
{txt}{space 10}1950  {c |}{col 17}{res}{space 2} 458.5458{col 29}{space 2}  91.5133{col 40}{space 1}    5.01{col 49}{space 3}0.000{col 57}{space 4} 278.7425{col 70}{space 3} 638.3491
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 559.8353{col 29}{space 2} 111.8427{col 40}{space 1}    5.01{col 49}{space 3}0.000{col 57}{space 4} 340.0893{col 70}{space 3} 779.5813
{txt}{space 10}1952  {c |}{col 17}{res}{space 2}  458.183{col 29}{space 2} 84.11141{col 40}{space 1}    5.45{col 49}{space 3}0.000{col 57}{space 4} 292.9228{col 70}{space 3} 623.4433
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 521.0134{col 29}{space 2} 86.66889{col 40}{space 1}    6.01{col 49}{space 3}0.000{col 57}{space 4} 350.7283{col 70}{space 3} 691.2985
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 259.9567{col 29}{space 2} 87.67806{col 40}{space 1}    2.96{col 49}{space 3}0.003{col 57}{space 4} 87.68884{col 70}{space 3} 432.2247
{txt}{space 10}1955  {c |}{col 17}{res}{space 2} 687.9269{col 29}{space 2} 78.57756{col 40}{space 1}    8.75{col 49}{space 3}0.000{col 57}{space 4} 533.5394{col 70}{space 3} 842.3143
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 610.5372{col 29}{space 2} 118.5912{col 40}{space 1}    5.15{col 49}{space 3}0.000{col 57}{space 4} 377.5318{col 70}{space 3} 843.5426
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 395.8505{col 29}{space 2} 93.47217{col 40}{space 1}    4.23{col 49}{space 3}0.000{col 57}{space 4} 212.1985{col 70}{space 3} 579.5026
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 505.4865{col 29}{space 2} 101.4415{col 40}{space 1}    4.98{col 49}{space 3}0.000{col 57}{space 4} 306.1766{col 70}{space 3} 704.7964
{txt}{space 10}1959  {c |}{col 17}{res}{space 2} 627.0131{col 29}{space 2} 91.44888{col 40}{space 1}    6.86{col 49}{space 3}0.000{col 57}{space 4} 447.3364{col 70}{space 3} 806.6898
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 438.9255{col 29}{space 2} 102.6873{col 40}{space 1}    4.27{col 49}{space 3}0.000{col 57}{space 4} 237.1678{col 70}{space 3} 640.6832
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 611.6463{col 29}{space 2} 97.77359{col 40}{space 1}    6.26{col 49}{space 3}0.000{col 57}{space 4} 419.5429{col 70}{space 3} 803.7497
{txt}{space 10}1962  {c |}{col 17}{res}{space 2} 684.9941{col 29}{space 2} 109.5179{col 40}{space 1}    6.25{col 49}{space 3}0.000{col 57}{space 4} 469.8158{col 70}{space 3} 900.1725
{txt}{space 10}1963  {c |}{col 17}{res}{space 2} 700.8699{col 29}{space 2} 104.8759{col 40}{space 1}    6.68{col 49}{space 3}0.000{col 57}{space 4}  494.812{col 70}{space 3} 906.9278
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 799.8659{col 29}{space 2} 112.1733{col 40}{space 1}    7.13{col 49}{space 3}0.000{col 57}{space 4} 579.4703{col 70}{space 3} 1020.261
{txt}{space 10}1965  {c |}{col 17}{res}{space 2} 901.0674{col 29}{space 2}  117.689{col 40}{space 1}    7.66{col 49}{space 3}0.000{col 57}{space 4} 669.8346{col 70}{space 3}   1132.3
{txt}{space 10}1966  {c |}{col 17}{res}{space 2} 909.4703{col 29}{space 2} 131.2306{col 40}{space 1}    6.93{col 49}{space 3}0.000{col 57}{space 4} 651.6314{col 70}{space 3} 1167.309
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 869.6609{col 29}{space 2} 128.6146{col 40}{space 1}    6.76{col 49}{space 3}0.000{col 57}{space 4} 616.9617{col 70}{space 3}  1122.36
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 960.4987{col 29}{space 2} 132.5453{col 40}{space 1}    7.25{col 49}{space 3}0.000{col 57}{space 4} 700.0767{col 70}{space 3} 1220.921
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 927.5247{col 29}{space 2} 149.7952{col 40}{space 1}    6.19{col 49}{space 3}0.000{col 57}{space 4} 633.2105{col 70}{space 3} 1221.839
{txt}{space 10}1970  {c |}{col 17}{res}{space 2}  868.794{col 29}{space 2} 147.8203{col 40}{space 1}    5.88{col 49}{space 3}0.000{col 57}{space 4} 578.3599{col 70}{space 3} 1159.228
{txt}{space 10}1971  {c |}{col 17}{res}{space 2} 999.6978{col 29}{space 2} 149.4711{col 40}{space 1}    6.69{col 49}{space 3}0.000{col 57}{space 4} 706.0204{col 70}{space 3} 1293.375
{txt}{space 10}1972  {c |}{col 17}{res}{space 2} 1266.652{col 29}{space 2} 165.6996{col 40}{space 1}    7.64{col 49}{space 3}0.000{col 57}{space 4} 941.0895{col 70}{space 3} 1592.215
{txt}{space 10}1973  {c |}{col 17}{res}{space 2} 1279.687{col 29}{space 2} 192.7579{col 40}{space 1}    6.64{col 49}{space 3}0.000{col 57}{space 4} 900.9609{col 70}{space 3} 1658.414
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 783.5763{col 29}{space 2} 197.2177{col 40}{space 1}    3.97{col 49}{space 3}0.000{col 57}{space 4} 396.0874{col 70}{space 3} 1171.065
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 875.4389{col 29}{space 2} 181.8509{col 40}{space 1}    4.81{col 49}{space 3}0.000{col 57}{space 4} 518.1422{col 70}{space 3} 1232.736
{txt}{space 10}1976  {c |}{col 17}{res}{space 2} 1383.419{col 29}{space 2} 193.1879{col 40}{space 1}    7.16{col 49}{space 3}0.000{col 57}{space 4} 1003.847{col 70}{space 3}  1762.99
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 1205.872{col 29}{space 2} 228.7372{col 40}{space 1}    5.27{col 49}{space 3}0.000{col 57}{space 4} 756.4542{col 70}{space 3}  1655.29
{txt}{space 10}1978  {c |}{col 17}{res}{space 2} 1361.752{col 29}{space 2} 212.8255{col 40}{space 1}    6.40{col 49}{space 3}0.000{col 57}{space 4} 943.5971{col 70}{space 3} 1779.907
{txt}{space 10}1979  {c |}{col 17}{res}{space 2} 1069.484{col 29}{space 2} 235.4835{col 40}{space 1}    4.54{col 49}{space 3}0.000{col 57}{space 4} 606.8112{col 70}{space 3} 1532.157
{txt}{space 10}1980  {c |}{col 17}{res}{space 2} 696.6261{col 29}{space 2} 217.4071{col 40}{space 1}    3.20{col 49}{space 3}0.001{col 57}{space 4} 269.4696{col 70}{space 3} 1123.783
{txt}{space 10}1981  {c |}{col 17}{res}{space 2} 1266.413{col 29}{space 2} 218.1953{col 40}{space 1}    5.80{col 49}{space 3}0.000{col 57}{space 4} 837.7077{col 70}{space 3} 1695.118
{txt}{space 10}1982  {c |}{col 17}{res}{space 2} 1084.746{col 29}{space 2} 243.3551{col 40}{space 1}    4.46{col 49}{space 3}0.000{col 57}{space 4} 606.6074{col 70}{space 3} 1562.885
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} 1138.881{col 29}{space 2} 234.1386{col 40}{space 1}    4.86{col 49}{space 3}0.000{col 57}{space 4} 678.8502{col 70}{space 3} 1598.911
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} 1644.351{col 29}{space 2} 237.0651{col 40}{space 1}    6.94{col 49}{space 3}0.000{col 57}{space 4} 1178.571{col 70}{space 3} 2110.131
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 1256.273{col 29}{space 2} 252.3406{col 40}{space 1}    4.98{col 49}{space 3}0.000{col 57}{space 4} 760.4794{col 70}{space 3} 1752.066
{txt}{space 10}1986  {c |}{col 17}{res}{space 2} 1254.916{col 29}{space 2} 229.4802{col 40}{space 1}    5.47{col 49}{space 3}0.000{col 57}{space 4} 804.0381{col 70}{space 3} 1705.793
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} 1270.776{col 29}{space 2} 241.0408{col 40}{space 1}    5.27{col 49}{space 3}0.000{col 57}{space 4} 797.1847{col 70}{space 3} 1744.368
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} 1449.706{col 29}{space 2} 235.7591{col 40}{space 1}    6.15{col 49}{space 3}0.000{col 57}{space 4} 986.4914{col 70}{space 3}  1912.92
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} 1455.932{col 29}{space 2} 265.8211{col 40}{space 1}    5.48{col 49}{space 3}0.000{col 57}{space 4}  933.653{col 70}{space 3} 1978.212
{txt}{space 10}1990  {c |}{col 17}{res}{space 2} 1261.336{col 29}{space 2} 261.7635{col 40}{space 1}    4.82{col 49}{space 3}0.000{col 57}{space 4}  747.029{col 70}{space 3} 1775.643
{txt}{space 10}1991  {c |}{col 17}{res}{space 2} 1243.833{col 29}{space 2} 256.9136{col 40}{space 1}    4.84{col 49}{space 3}0.000{col 57}{space 4} 739.0545{col 70}{space 3} 1748.611
{txt}{space 10}1992  {c |}{col 17}{res}{space 2} 1611.234{col 29}{space 2} 254.1246{col 40}{space 1}    6.34{col 49}{space 3}0.000{col 57}{space 4} 1111.936{col 70}{space 3} 2110.533
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} 1334.289{col 29}{space 2} 282.6052{col 40}{space 1}    4.72{col 49}{space 3}0.000{col 57}{space 4} 779.0327{col 70}{space 3} 1889.546
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} 1551.042{col 29}{space 2} 268.4296{col 40}{space 1}    5.78{col 49}{space 3}0.000{col 57}{space 4} 1023.638{col 70}{space 3} 2078.447
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 1503.247{col 29}{space 2} 283.8437{col 40}{space 1}    5.30{col 49}{space 3}0.000{col 57}{space 4} 945.5572{col 70}{space 3} 2060.937
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} 1490.405{col 29}{space 2} 277.1229{col 40}{space 1}    5.38{col 49}{space 3}0.000{col 57}{space 4} 945.9199{col 70}{space 3}  2034.89
{txt}{space 10}1997  {c |}{col 17}{res}{space 2} 1648.291{col 29}{space 2} 290.3745{col 40}{space 1}    5.68{col 49}{space 3}0.000{col 57}{space 4}  1077.77{col 70}{space 3} 2218.812
{txt}{space 10}1998  {c |}{col 17}{res}{space 2} 1838.032{col 29}{space 2} 280.7909{col 40}{space 1}    6.55{col 49}{space 3}0.000{col 57}{space 4}  1286.34{col 70}{space 3} 2389.724
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 1521.309{col 29}{space 2} 312.7443{col 40}{space 1}    4.86{col 49}{space 3}0.000{col 57}{space 4} 906.8357{col 70}{space 3} 2135.782
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 1717.557{col 29}{space 2} 301.2967{col 40}{space 1}    5.70{col 49}{space 3}0.000{col 57}{space 4} 1125.576{col 70}{space 3} 2309.538
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} 1748.438{col 29}{space 2} 334.8052{col 40}{space 1}    5.22{col 49}{space 3}0.000{col 57}{space 4}  1090.62{col 70}{space 3} 2406.255
{txt}{space 10}2002  {c |}{col 17}{res}{space 2} 1487.145{col 29}{space 2} 311.2545{col 40}{space 1}    4.78{col 49}{space 3}0.000{col 57}{space 4} 875.5992{col 70}{space 3} 2098.691
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 1634.104{col 29}{space 2} 316.4403{col 40}{space 1}    5.16{col 49}{space 3}0.000{col 57}{space 4}  1012.37{col 70}{space 3} 2255.839
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 1866.306{col 29}{space 2}  344.942{col 40}{space 1}    5.41{col 49}{space 3}0.000{col 57}{space 4} 1188.572{col 70}{space 3}  2544.04
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 1751.063{col 29}{space 2} 355.1362{col 40}{space 1}    4.93{col 49}{space 3}0.000{col 57}{space 4} 1053.299{col 70}{space 3} 2448.827
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 2070.678{col 29}{space 2} 380.3763{col 40}{space 1}    5.44{col 49}{space 3}0.000{col 57}{space 4} 1323.323{col 70}{space 3} 2818.033
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} 1934.814{col 29}{space 2} 368.6832{col 40}{space 1}    5.25{col 49}{space 3}0.000{col 57}{space 4} 1210.433{col 70}{space 3} 2659.194
{txt}{space 10}2008  {c |}{col 17}{res}{space 2} 1792.106{col 29}{space 2} 405.2841{col 40}{space 1}    4.42{col 49}{space 3}0.000{col 57}{space 4} 995.8131{col 70}{space 3} 2588.399
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}  1157.09{col 29}{space 2} 348.9232{col 40}{space 1}    3.32{col 49}{space 3}0.001{col 57}{space 4} 471.5334{col 70}{space 3} 1842.646
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} 1874.403{col 29}{space 2} 351.0295{col 40}{space 1}    5.34{col 49}{space 3}0.000{col 57}{space 4} 1184.708{col 70}{space 3} 2564.098
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 194.6243{col 29}{space 2} 128.7073{col 40}{space 1}    1.51{col 49}{space 3}0.131{col 57}{space 4}-58.25689{col 70}{space 3} 447.5054
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallfullos if oldsouth==1
{txt}(option xb assumed; fitted values)
(2,763 missing values generated)

{com}. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   494) ={res}   16.00
{txt}{col 13}Prob > F ={res}    0.0001
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   494) ={res}    8.17
{txt}{col 13}Prob > F ={res}    0.0003
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney +  l3.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney + L3D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.729402{col 26}{space 2} 3.001211{col 37}{space 1}   -1.24{col 46}{space 3}0.215{col 54}{space 4}-9.626115{col 67}{space 3}  2.16731
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 13.46745{col 26}{space 2} 3.374339{col 37}{space 1}    3.99{col 46}{space 3}0.000{col 54}{space 4} 6.853865{col 67}{space 3} 20.08103
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. *
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui regress d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if oldsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       585{col 27}-197.0481{col 38}-107.6644{col 49}    81{col 58} 377.3288{col 69} 731.4294
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ****** PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if oldsouth==1, lag(8) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       585
{txt}maximum lag: {res}8{col 49}{txt}F( 80,       504){col 67}= {res}      4.18
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.              {col 18}{c |}{col 30}  Newey-West
{col 1}ihsklarnerranney{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      t{col 50}   P>|t|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
ihsklarnerranney {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0406512{col 30}{space 2} .0151495{col 41}{space 1}   -2.68{col 50}{space 3}0.008{col 58}{space 4}-.0704151{col 71}{space 3}-.0108874
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0000134{col 30}{space 2} .0000228{col 41}{space 1}   -0.59{col 50}{space 3}0.557{col 58}{space 4}-.0000583{col 71}{space 3} .0000314
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 13}LD. {c |}{col 18}{res}{space 2}-.0682483{col 30}{space 2} .0788568{col 41}{space 1}   -0.87{col 50}{space 3}0.387{col 58}{space 4}-.2231768{col 71}{space 3} .0866802
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}D1. {c |}{col 18}{res}{space 2}-.0000404{col 30}{space 2} .0000612{col 41}{space 1}   -0.66{col 50}{space 3}0.510{col 58}{space 4}-.0001606{col 71}{space 3} .0000799
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2}-.2044491{col 30}{space 2} .0590848{col 41}{space 1}   -3.46{col 50}{space 3}0.001{col 58}{space 4}-.3205319{col 71}{space 3}-.0883663
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}LD. {c |}{col 18}{res}{space 2} .0000308{col 30}{space 2} .0000706{col 41}{space 1}    0.44{col 50}{space 3}0.663{col 58}{space 4}-.0001079{col 71}{space 3} .0001695
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L3D. {c |}{col 18}{res}{space 2}-.0952756{col 30}{space 2} .0443334{col 41}{space 1}   -2.15{col 50}{space 3}0.032{col 58}{space 4}-.1823765{col 71}{space 3}-.0081747
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2} .0000182{col 30}{space 2} .0000775{col 41}{space 1}    0.23{col 50}{space 3}0.815{col 58}{space 4}-.0001341{col 71}{space 3} .0001704
{txt}{space 16} {c |}
{space 6}state_fips {c |}
{space 14}5  {c |}{col 18}{res}{space 2}-.0197015{col 30}{space 2} .0648441{col 41}{space 1}   -0.30{col 50}{space 3}0.761{col 58}{space 4}-.1470995{col 71}{space 3} .1076966
{txt}{space 13}21  {c |}{col 18}{res}{space 2} .0111789{col 30}{space 2} .0587869{col 41}{space 1}    0.19{col 50}{space 3}0.849{col 58}{space 4}-.1043187{col 71}{space 3} .1266764
{txt}{space 13}22  {c |}{col 18}{res}{space 2}  .024224{col 30}{space 2} .0583687{col 41}{space 1}    0.42{col 50}{space 3}0.678{col 58}{space 4}-.0904519{col 71}{space 3} .1388999
{txt}{space 13}28  {c |}{col 18}{res}{space 2} .0037902{col 30}{space 2} .0695771{col 41}{space 1}    0.05{col 50}{space 3}0.957{col 58}{space 4}-.1329067{col 71}{space 3} .1404872
{txt}{space 13}40  {c |}{col 18}{res}{space 2} .0216393{col 30}{space 2} .0572514{col 41}{space 1}    0.38{col 50}{space 3}0.706{col 58}{space 4}-.0908415{col 71}{space 3} .1341201
{txt}{space 13}45  {c |}{col 18}{res}{space 2}  .034266{col 30}{space 2} .0698132{col 41}{space 1}    0.49{col 50}{space 3}0.624{col 58}{space 4}-.1028946{col 71}{space 3} .1714267
{txt}{space 13}47  {c |}{col 18}{res}{space 2} .0278807{col 30}{space 2} .0603884{col 41}{space 1}    0.46{col 50}{space 3}0.645{col 58}{space 4}-.0907634{col 71}{space 3} .1465247
{txt}{space 13}54  {c |}{col 18}{res}{space 2}-.0131805{col 30}{space 2} .0624374{col 41}{space 1}   -0.21{col 50}{space 3}0.833{col 58}{space 4}-.1358501{col 71}{space 3} .1094891
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1947  {c |}{col 18}{res}{space 2}-.0238606{col 30}{space 2}  .069484{col 41}{space 1}   -0.34{col 50}{space 3}0.731{col 58}{space 4}-.1603746{col 71}{space 3} .1126533
{txt}{space 11}1948  {c |}{col 18}{res}{space 2} .0018559{col 30}{space 2} .0889077{col 41}{space 1}    0.02{col 50}{space 3}0.983{col 58}{space 4}-.1728194{col 71}{space 3} .1765313
{txt}{space 11}1949  {c |}{col 18}{res}{space 2}-.2174796{col 30}{space 2} .1370079{col 41}{space 1}   -1.59{col 50}{space 3}0.113{col 58}{space 4}-.4866566{col 71}{space 3} .0516974
{txt}{space 11}1950  {c |}{col 18}{res}{space 2}-.0780266{col 30}{space 2} .0776575{col 41}{space 1}   -1.00{col 50}{space 3}0.315{col 58}{space 4}-.2305989{col 71}{space 3} .0745456
{txt}{space 11}1951  {c |}{col 18}{res}{space 2} .0143034{col 30}{space 2} .0827119{col 41}{space 1}    0.17{col 50}{space 3}0.863{col 58}{space 4}-.1481991{col 71}{space 3} .1768059
{txt}{space 11}1952  {c |}{col 18}{res}{space 2}-.0288688{col 30}{space 2} .0676585{col 41}{space 1}   -0.43{col 50}{space 3}0.670{col 58}{space 4}-.1617962{col 71}{space 3} .1040586
{txt}{space 11}1953  {c |}{col 18}{res}{space 2} .0848289{col 30}{space 2} .0905282{col 41}{space 1}    0.94{col 50}{space 3}0.349{col 58}{space 4}-.0930303{col 71}{space 3} .2626881
{txt}{space 11}1954  {c |}{col 18}{res}{space 2}-.0250291{col 30}{space 2}   .06286{col 41}{space 1}   -0.40{col 50}{space 3}0.691{col 58}{space 4} -.148529{col 71}{space 3} .0984709
{txt}{space 11}1955  {c |}{col 18}{res}{space 2}-.0364994{col 30}{space 2} .1530822{col 41}{space 1}   -0.24{col 50}{space 3}0.812{col 58}{space 4}-.3372572{col 71}{space 3} .2642583
{txt}{space 11}1956  {c |}{col 18}{res}{space 2}-.0094527{col 30}{space 2} .0912574{col 41}{space 1}   -0.10{col 50}{space 3}0.918{col 58}{space 4}-.1887445{col 71}{space 3} .1698392
{txt}{space 11}1957  {c |}{col 18}{res}{space 2}-.0418606{col 30}{space 2} .1050571{col 41}{space 1}   -0.40{col 50}{space 3}0.690{col 58}{space 4}-.2482645{col 71}{space 3} .1645432
{txt}{space 11}1958  {c |}{col 18}{res}{space 2}-.0048047{col 30}{space 2} .0784855{col 41}{space 1}   -0.06{col 50}{space 3}0.951{col 58}{space 4}-.1590038{col 71}{space 3} .1493944
{txt}{space 11}1959  {c |}{col 18}{res}{space 2}-.3626142{col 30}{space 2} .2137162{col 41}{space 1}   -1.70{col 50}{space 3}0.090{col 58}{space 4}-.7824987{col 71}{space 3} .0572703
{txt}{space 11}1960  {c |}{col 18}{res}{space 2}-.0697777{col 30}{space 2} .0933485{col 41}{space 1}   -0.75{col 50}{space 3}0.455{col 58}{space 4}-.2531778{col 71}{space 3} .1136223
{txt}{space 11}1961  {c |}{col 18}{res}{space 2} .0595108{col 30}{space 2} .1059353{col 41}{space 1}    0.56{col 50}{space 3}0.575{col 58}{space 4}-.1486184{col 71}{space 3}   .26764
{txt}{space 11}1962  {c |}{col 18}{res}{space 2}-.0156128{col 30}{space 2} .0968182{col 41}{space 1}   -0.16{col 50}{space 3}0.872{col 58}{space 4}-.2058298{col 71}{space 3} .1746042
{txt}{space 11}1963  {c |}{col 18}{res}{space 2} .2705556{col 30}{space 2}    .1696{col 41}{space 1}    1.60{col 50}{space 3}0.111{col 58}{space 4}-.0626545{col 71}{space 3} .6037656
{txt}{space 11}1964  {c |}{col 18}{res}{space 2} .3211477{col 30}{space 2} .1716971{col 41}{space 1}    1.87{col 50}{space 3}0.062{col 58}{space 4}-.0161825{col 71}{space 3}  .658478
{txt}{space 11}1965  {c |}{col 18}{res}{space 2} .0480218{col 30}{space 2} .1772203{col 41}{space 1}    0.27{col 50}{space 3}0.787{col 58}{space 4}-.3001598{col 71}{space 3} .3962034
{txt}{space 11}1966  {c |}{col 18}{res}{space 2} .4760662{col 30}{space 2} .2209739{col 41}{space 1}    2.15{col 50}{space 3}0.032{col 58}{space 4} .0419228{col 71}{space 3} .9102095
{txt}{space 11}1967  {c |}{col 18}{res}{space 2} .7066349{col 30}{space 2} .3356741{col 41}{space 1}    2.11{col 50}{space 3}0.036{col 58}{space 4} .0471421{col 71}{space 3} 1.366128
{txt}{space 11}1968  {c |}{col 18}{res}{space 2}-.1522683{col 30}{space 2} .2954482{col 41}{space 1}   -0.52{col 50}{space 3}0.607{col 58}{space 4}-.7327301{col 71}{space 3} .4281935
{txt}{space 11}1969  {c |}{col 18}{res}{space 2} .2278015{col 30}{space 2} .1789352{col 41}{space 1}    1.27{col 50}{space 3}0.204{col 58}{space 4}-.1237492{col 71}{space 3} .5793522
{txt}{space 11}1970  {c |}{col 18}{res}{space 2} .4403682{col 30}{space 2} .2106441{col 41}{space 1}    2.09{col 50}{space 3}0.037{col 58}{space 4} .0265196{col 71}{space 3} .8542168
{txt}{space 11}1971  {c |}{col 18}{res}{space 2} .0288546{col 30}{space 2} .1212706{col 41}{space 1}    0.24{col 50}{space 3}0.812{col 58}{space 4}-.2094036{col 71}{space 3} .2671129
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} .1835551{col 30}{space 2}  .187346{col 41}{space 1}    0.98{col 50}{space 3}0.328{col 58}{space 4}-.1845203{col 71}{space 3} .5516305
{txt}{space 11}1973  {c |}{col 18}{res}{space 2} .1950702{col 30}{space 2} .1590817{col 41}{space 1}    1.23{col 50}{space 3}0.221{col 58}{space 4}-.1174747{col 71}{space 3} .5076151
{txt}{space 11}1974  {c |}{col 18}{res}{space 2} .0186774{col 30}{space 2} .1463204{col 41}{space 1}    0.13{col 50}{space 3}0.898{col 58}{space 4}-.2687957{col 71}{space 3} .3061506
{txt}{space 11}1975  {c |}{col 18}{res}{space 2}-.1295778{col 30}{space 2} .2158879{col 41}{space 1}   -0.60{col 50}{space 3}0.549{col 58}{space 4}-.5537288{col 71}{space 3} .2945731
{txt}{space 11}1976  {c |}{col 18}{res}{space 2}  .067451{col 30}{space 2} .1587748{col 41}{space 1}    0.42{col 50}{space 3}0.671{col 58}{space 4} -.244491{col 71}{space 3}  .379393
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} .3209993{col 30}{space 2} .3240676{col 41}{space 1}    0.99{col 50}{space 3}0.322{col 58}{space 4}-.3156906{col 71}{space 3} .9576891
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} .0858418{col 30}{space 2} .1500466{col 41}{space 1}    0.57{col 50}{space 3}0.568{col 58}{space 4}-.2089521{col 71}{space 3} .3806356
{txt}{space 11}1979  {c |}{col 18}{res}{space 2}   .27368{col 30}{space 2} .1838408{col 41}{space 1}    1.49{col 50}{space 3}0.137{col 58}{space 4}-.0875088{col 71}{space 3} .6348688
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} .1683572{col 30}{space 2} .1509142{col 41}{space 1}    1.12{col 50}{space 3}0.265{col 58}{space 4}-.1281412{col 71}{space 3} .4648556
{txt}{space 11}1981  {c |}{col 18}{res}{space 2} .2761664{col 30}{space 2} .1651304{col 41}{space 1}    1.67{col 50}{space 3}0.095{col 58}{space 4}-.0482623{col 71}{space 3} .6005951
{txt}{space 11}1982  {c |}{col 18}{res}{space 2}  .153568{col 30}{space 2} .1728798{col 41}{space 1}    0.89{col 50}{space 3}0.375{col 58}{space 4}-.1860858{col 71}{space 3} .4932219
{txt}{space 11}1983  {c |}{col 18}{res}{space 2}    .2783{col 30}{space 2} .2476534{col 41}{space 1}    1.12{col 50}{space 3}0.262{col 58}{space 4}-.2082602{col 71}{space 3} .7648602
{txt}{space 11}1984  {c |}{col 18}{res}{space 2} .1857732{col 30}{space 2} .1841099{col 41}{space 1}    1.01{col 50}{space 3}0.313{col 58}{space 4}-.1759442{col 71}{space 3} .5474905
{txt}{space 11}1985  {c |}{col 18}{res}{space 2} .4573143{col 30}{space 2}   .22248{col 41}{space 1}    2.06{col 50}{space 3}0.040{col 58}{space 4} .0202118{col 71}{space 3} .8944168
{txt}{space 11}1986  {c |}{col 18}{res}{space 2} .1456805{col 30}{space 2} .1691694{col 41}{space 1}    0.86{col 50}{space 3}0.390{col 58}{space 4}-.1866835{col 71}{space 3} .4780445
{txt}{space 11}1987  {c |}{col 18}{res}{space 2} .3489402{col 30}{space 2} .2059189{col 41}{space 1}    1.69{col 50}{space 3}0.091{col 58}{space 4}-.0556249{col 71}{space 3} .7535054
{txt}{space 11}1988  {c |}{col 18}{res}{space 2} .2193305{col 30}{space 2} .1862807{col 41}{space 1}    1.18{col 50}{space 3}0.240{col 58}{space 4}-.1466518{col 71}{space 3} .5853127
{txt}{space 11}1989  {c |}{col 18}{res}{space 2} .2176098{col 30}{space 2} .2043331{col 41}{space 1}    1.06{col 50}{space 3}0.287{col 58}{space 4}-.1838399{col 71}{space 3} .6190594
{txt}{space 11}1990  {c |}{col 18}{res}{space 2}  .203741{col 30}{space 2} .1933463{col 41}{space 1}    1.05{col 50}{space 3}0.292{col 58}{space 4} -.176123{col 71}{space 3} .5836051
{txt}{space 11}1991  {c |}{col 18}{res}{space 2} .2109497{col 30}{space 2} .2000075{col 41}{space 1}    1.05{col 50}{space 3}0.292{col 58}{space 4}-.1820014{col 71}{space 3} .6039009
{txt}{space 11}1992  {c |}{col 18}{res}{space 2} .2104885{col 30}{space 2} .2071108{col 41}{space 1}    1.02{col 50}{space 3}0.310{col 58}{space 4}-.1964182{col 71}{space 3} .6173953
{txt}{space 11}1993  {c |}{col 18}{res}{space 2}  .229544{col 30}{space 2} .2145875{col 41}{space 1}    1.07{col 50}{space 3}0.285{col 58}{space 4}-.1920522{col 71}{space 3} .6511401
{txt}{space 11}1994  {c |}{col 18}{res}{space 2} .2193811{col 30}{space 2} .2041035{col 41}{space 1}    1.07{col 50}{space 3}0.283{col 58}{space 4}-.1816175{col 71}{space 3} .6203796
{txt}{space 11}1995  {c |}{col 18}{res}{space 2} .4439825{col 30}{space 2} .2165955{col 41}{space 1}    2.05{col 50}{space 3}0.041{col 58}{space 4} .0184412{col 71}{space 3} .8695237
{txt}{space 11}1996  {c |}{col 18}{res}{space 2}  .305222{col 30}{space 2} .2175108{col 41}{space 1}    1.40{col 50}{space 3}0.161{col 58}{space 4}-.1221176{col 71}{space 3} .7325615
{txt}{space 11}1997  {c |}{col 18}{res}{space 2} .2764466{col 30}{space 2} .2194675{col 41}{space 1}    1.26{col 50}{space 3}0.208{col 58}{space 4}-.1547372{col 71}{space 3} .7076305
{txt}{space 11}1998  {c |}{col 18}{res}{space 2}  .256526{col 30}{space 2} .2298808{col 41}{space 1}    1.12{col 50}{space 3}0.265{col 58}{space 4}-.1951168{col 71}{space 3} .7081688
{txt}{space 11}1999  {c |}{col 18}{res}{space 2} .2089042{col 30}{space 2} .2366798{col 41}{space 1}    0.88{col 50}{space 3}0.378{col 58}{space 4}-.2560963{col 71}{space 3} .6739048
{txt}{space 11}2000  {c |}{col 18}{res}{space 2} .2241628{col 30}{space 2} .2305703{col 41}{space 1}    0.97{col 50}{space 3}0.331{col 58}{space 4}-.2288344{col 71}{space 3} .6771601
{txt}{space 11}2001  {c |}{col 18}{res}{space 2} .2795599{col 30}{space 2} .2479678{col 41}{space 1}    1.13{col 50}{space 3}0.260{col 58}{space 4} -.207618{col 71}{space 3} .7667379
{txt}{space 11}2002  {c |}{col 18}{res}{space 2}  .214728{col 30}{space 2} .2426705{col 41}{space 1}    0.88{col 50}{space 3}0.377{col 58}{space 4}-.2620424{col 71}{space 3} .6914984
{txt}{space 11}2003  {c |}{col 18}{res}{space 2} .3115932{col 30}{space 2} .2511411{col 41}{space 1}    1.24{col 50}{space 3}0.215{col 58}{space 4}-.1818193{col 71}{space 3} .8050057
{txt}{space 11}2004  {c |}{col 18}{res}{space 2} .2636765{col 30}{space 2} .2581491{col 41}{space 1}    1.02{col 50}{space 3}0.308{col 58}{space 4}-.2435044{col 71}{space 3} .7708574
{txt}{space 11}2005  {c |}{col 18}{res}{space 2} .2895618{col 30}{space 2} .2658866{col 41}{space 1}    1.09{col 50}{space 3}0.277{col 58}{space 4}-.2328208{col 71}{space 3} .8119443
{txt}{space 11}2006  {c |}{col 18}{res}{space 2} .2613277{col 30}{space 2} .2650481{col 41}{space 1}    0.99{col 50}{space 3}0.325{col 58}{space 4}-.2594075{col 71}{space 3} .7820629
{txt}{space 11}2007  {c |}{col 18}{res}{space 2} .2506466{col 30}{space 2} .2774353{col 41}{space 1}    0.90{col 50}{space 3}0.367{col 58}{space 4}-.2944255{col 71}{space 3} .7957186
{txt}{space 11}2008  {c |}{col 18}{res}{space 2} .2474473{col 30}{space 2} .2719719{col 41}{space 1}    0.91{col 50}{space 3}0.363{col 58}{space 4} -.286891{col 71}{space 3} .7817856
{txt}{space 11}2009  {c |}{col 18}{res}{space 2} .2028591{col 30}{space 2} .2750177{col 41}{space 1}    0.74{col 50}{space 3}0.461{col 58}{space 4}-.3374632{col 71}{space 3} .7431814
{txt}{space 11}2010  {c |}{col 18}{res}{space 2} .2745373{col 30}{space 2}  .287228{col 41}{space 1}    0.96{col 50}{space 3}0.340{col 58}{space 4}-.2897744{col 71}{space 3}  .838849
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .1532197{col 30}{space 2} .1317489{col 41}{space 1}    1.16{col 50}{space 3}0.245{col 58}{space 4}-.1056251{col 71}{space 3} .4120645
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict ihsklarnerranneyhatallfullos if oldsouth==1
{txt}(option xb assumed; fitted values)
(2,754 missing values generated)

{com}. 
. 
. 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.ihsklarnerranney = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney = 0{p_end}

{txt}       F(  1,   504) ={res}    7.20
{txt}{col 13}Prob > F ={res}    0.0075
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.ihsklarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.ihsklarnerranney = 0{p_end}

{txt}       F(  2,   504) ={res}    3.71
{txt}{col 13}Prob > F ={res}    0.0252
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 8.58e-06{col 26}{space 2} .0001239{col 37}{space 1}    0.07{col 46}{space 3}0.945{col 54}{space 4}-.0002348{col 67}{space 3}  .000252
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-.0003303{col 26}{space 2}  .000569{col 37}{space 1}   -0.58{col 46}{space 3}0.562{col 54}{space 4}-.0014456{col 67}{space 3} .0007849
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. *
. 
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. 
. *** IV.B: OLD SOUTH STATES (N = 9): PRE-PARTISAN ALIGNMENT TIME PERIOD (1942 - 1980) ***
. 
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney   i.state_fips i.year if year <=1980 & oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       315{col 27}-2180.656{col 38}-1911.417{col 49}    51{col 58} 3924.835{col 69} 4116.216
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney   i.state_fips i.year if year <=1980 & oldsouth==1, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       315
{txt}maximum lag: {res}6{col 49}{txt}F( 50,       264){col 67}= {res}     40.99
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.2576453{col 29}{space 2} .0544787{col 40}{space 1}   -4.73{col 49}{space 3}0.000{col 57}{space 4}-.3649133{col 70}{space 3}-.1503773
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} 1.637253{col 29}{space 2} .7795109{col 40}{space 1}    2.10{col 49}{space 3}0.037{col 57}{space 4} .1024036{col 70}{space 3} 3.172103
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .1126924{col 29}{space 2} .0719847{col 40}{space 1}    1.57{col 49}{space 3}0.119{col 57}{space 4}-.0290448{col 70}{space 3} .2544297
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.8197158{col 29}{space 2} 1.266345{col 40}{space 1}   -0.65{col 49}{space 3}0.518{col 57}{space 4}-3.313138{col 70}{space 3} 1.673706
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.0317755{col 29}{space 2} .0648253{col 40}{space 1}   -0.49{col 49}{space 3}0.624{col 57}{space 4}-.1594158{col 70}{space 3} .0958649
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-.6379737{col 29}{space 2} 1.270052{col 40}{space 1}   -0.50{col 49}{space 3}0.616{col 57}{space 4}-3.138694{col 70}{space 3} 1.862747
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.1543835{col 29}{space 2}  .062601{col 40}{space 1}   -2.47{col 49}{space 3}0.014{col 57}{space 4}-.2776444{col 70}{space 3}-.0311227
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-1.131078{col 29}{space 2} 1.169956{col 40}{space 1}   -0.97{col 49}{space 3}0.335{col 57}{space 4} -3.43471{col 70}{space 3} 1.172554
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2}-73.44441{col 29}{space 2} 26.26888{col 40}{space 1}   -2.80{col 49}{space 3}0.006{col 57}{space 4}-125.1676{col 70}{space 3}-21.72124
{txt}{space 12}21  {c |}{col 17}{res}{space 2} 22.78175{col 29}{space 2} 45.46635{col 40}{space 1}    0.50{col 49}{space 3}0.617{col 57}{space 4}-66.74106{col 70}{space 3} 112.3046
{txt}{space 12}22  {c |}{col 17}{res}{space 2} 153.8211{col 29}{space 2} 44.87383{col 40}{space 1}    3.43{col 49}{space 3}0.001{col 57}{space 4} 65.46496{col 70}{space 3} 242.1773
{txt}{space 12}28  {c |}{col 17}{res}{space 2}-229.7638{col 29}{space 2} 53.19824{col 40}{space 1}   -4.32{col 49}{space 3}0.000{col 57}{space 4}-334.5107{col 70}{space 3} -125.017
{txt}{space 12}40  {c |}{col 17}{res}{space 2} 279.6054{col 29}{space 2} 55.19398{col 40}{space 1}    5.07{col 49}{space 3}0.000{col 57}{space 4}  170.929{col 70}{space 3} 388.2818
{txt}{space 12}45  {c |}{col 17}{res}{space 2} -17.0885{col 29}{space 2} 31.19758{col 40}{space 1}   -0.55{col 49}{space 3}0.584{col 57}{space 4}-78.51624{col 70}{space 3} 44.33925
{txt}{space 12}47  {c |}{col 17}{res}{space 2} 37.68982{col 29}{space 2}  44.4417{col 40}{space 1}    0.85{col 49}{space 3}0.397{col 57}{space 4}-49.81546{col 70}{space 3} 125.1951
{txt}{space 12}54  {c |}{col 17}{res}{space 2} 19.17939{col 29}{space 2} 45.70182{col 40}{space 1}    0.42{col 49}{space 3}0.675{col 57}{space 4}-70.80706{col 70}{space 3} 109.1658
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1947  {c |}{col 17}{res}{space 2}-7.087493{col 29}{space 2}  87.9602{col 40}{space 1}   -0.08{col 49}{space 3}0.936{col 57}{space 4}-180.2803{col 70}{space 3} 166.1053
{txt}{space 10}1948  {c |}{col 17}{res}{space 2} 333.5695{col 29}{space 2} 94.49434{col 40}{space 1}    3.53{col 49}{space 3}0.000{col 57}{space 4}  147.511{col 70}{space 3} 519.6279
{txt}{space 10}1949  {c |}{col 17}{res}{space 2}-42.19256{col 29}{space 2} 99.55708{col 40}{space 1}   -0.42{col 49}{space 3}0.672{col 57}{space 4}-238.2195{col 70}{space 3} 153.8344
{txt}{space 10}1950  {c |}{col 17}{res}{space 2} 251.3039{col 29}{space 2} 90.99447{col 40}{space 1}    2.76{col 49}{space 3}0.006{col 57}{space 4} 72.13662{col 70}{space 3} 430.4711
{txt}{space 10}1951  {c |}{col 17}{res}{space 2} 381.3787{col 29}{space 2} 80.67281{col 40}{space 1}    4.73{col 49}{space 3}0.000{col 57}{space 4} 222.5347{col 70}{space 3} 540.2227
{txt}{space 10}1952  {c |}{col 17}{res}{space 2} 374.9128{col 29}{space 2} 65.35959{col 40}{space 1}    5.74{col 49}{space 3}0.000{col 57}{space 4} 246.2203{col 70}{space 3} 503.6052
{txt}{space 10}1953  {c |}{col 17}{res}{space 2} 459.3154{col 29}{space 2} 61.32642{col 40}{space 1}    7.49{col 49}{space 3}0.000{col 57}{space 4} 338.5643{col 70}{space 3} 580.0666
{txt}{space 10}1954  {c |}{col 17}{res}{space 2} 245.3246{col 29}{space 2} 60.46334{col 40}{space 1}    4.06{col 49}{space 3}0.000{col 57}{space 4} 126.2729{col 70}{space 3} 364.3764
{txt}{space 10}1955  {c |}{col 17}{res}{space 2} 660.4097{col 29}{space 2} 73.50661{col 40}{space 1}    8.98{col 49}{space 3}0.000{col 57}{space 4} 515.6759{col 70}{space 3} 805.1435
{txt}{space 10}1956  {c |}{col 17}{res}{space 2} 583.8383{col 29}{space 2} 85.08271{col 40}{space 1}    6.86{col 49}{space 3}0.000{col 57}{space 4} 416.3113{col 70}{space 3} 751.3653
{txt}{space 10}1957  {c |}{col 17}{res}{space 2} 448.5037{col 29}{space 2}  84.8975{col 40}{space 1}    5.28{col 49}{space 3}0.000{col 57}{space 4} 281.3413{col 70}{space 3} 615.6661
{txt}{space 10}1958  {c |}{col 17}{res}{space 2} 543.1995{col 29}{space 2} 80.11342{col 40}{space 1}    6.78{col 49}{space 3}0.000{col 57}{space 4} 385.4569{col 70}{space 3}  700.942
{txt}{space 10}1959  {c |}{col 17}{res}{space 2} 663.5598{col 29}{space 2} 83.57835{col 40}{space 1}    7.94{col 49}{space 3}0.000{col 57}{space 4} 498.9948{col 70}{space 3} 828.1248
{txt}{space 10}1960  {c |}{col 17}{res}{space 2} 491.6091{col 29}{space 2} 93.26557{col 40}{space 1}    5.27{col 49}{space 3}0.000{col 57}{space 4} 307.9701{col 70}{space 3} 675.2482
{txt}{space 10}1961  {c |}{col 17}{res}{space 2} 673.4248{col 29}{space 2} 95.13785{col 40}{space 1}    7.08{col 49}{space 3}0.000{col 57}{space 4} 486.0993{col 70}{space 3} 860.7504
{txt}{space 10}1962  {c |}{col 17}{res}{space 2} 731.8852{col 29}{space 2} 95.22691{col 40}{space 1}    7.69{col 49}{space 3}0.000{col 57}{space 4} 544.3844{col 70}{space 3} 919.3861
{txt}{space 10}1963  {c |}{col 17}{res}{space 2} 799.5506{col 29}{space 2} 102.8366{col 40}{space 1}    7.77{col 49}{space 3}0.000{col 57}{space 4} 597.0663{col 70}{space 3} 1002.035
{txt}{space 10}1964  {c |}{col 17}{res}{space 2} 923.1116{col 29}{space 2} 108.1648{col 40}{space 1}    8.53{col 49}{space 3}0.000{col 57}{space 4} 710.1361{col 70}{space 3} 1136.087
{txt}{space 10}1965  {c |}{col 17}{res}{space 2} 1079.869{col 29}{space 2}   115.68{col 40}{space 1}    9.33{col 49}{space 3}0.000{col 57}{space 4} 852.0962{col 70}{space 3} 1307.642
{txt}{space 10}1966  {c |}{col 17}{res}{space 2} 1160.336{col 29}{space 2} 130.9513{col 40}{space 1}    8.86{col 49}{space 3}0.000{col 57}{space 4} 902.4946{col 70}{space 3} 1418.178
{txt}{space 10}1967  {c |}{col 17}{res}{space 2} 1204.719{col 29}{space 2} 140.1034{col 40}{space 1}    8.60{col 49}{space 3}0.000{col 57}{space 4} 928.8567{col 70}{space 3} 1480.581
{txt}{space 10}1968  {c |}{col 17}{res}{space 2} 1320.047{col 29}{space 2} 158.8138{col 40}{space 1}    8.31{col 49}{space 3}0.000{col 57}{space 4} 1007.344{col 70}{space 3}  1632.75
{txt}{space 10}1969  {c |}{col 17}{res}{space 2} 1326.506{col 29}{space 2}  179.748{col 40}{space 1}    7.38{col 49}{space 3}0.000{col 57}{space 4} 972.5843{col 70}{space 3} 1680.429
{txt}{space 10}1970  {c |}{col 17}{res}{space 2} 1311.991{col 29}{space 2} 189.5028{col 40}{space 1}    6.92{col 49}{space 3}0.000{col 57}{space 4} 938.8615{col 70}{space 3}  1685.12
{txt}{space 10}1971  {c |}{col 17}{res}{space 2} 1440.291{col 29}{space 2} 202.9847{col 40}{space 1}    7.10{col 49}{space 3}0.000{col 57}{space 4} 1040.617{col 70}{space 3} 1839.966
{txt}{space 10}1972  {c |}{col 17}{res}{space 2} 1732.015{col 29}{space 2} 221.9053{col 40}{space 1}    7.81{col 49}{space 3}0.000{col 57}{space 4} 1295.086{col 70}{space 3} 2168.944
{txt}{space 10}1973  {c |}{col 17}{res}{space 2} 1814.776{col 29}{space 2} 248.5529{col 40}{space 1}    7.30{col 49}{space 3}0.000{col 57}{space 4} 1325.378{col 70}{space 3} 2304.174
{txt}{space 10}1974  {c |}{col 17}{res}{space 2} 1417.645{col 29}{space 2} 257.3519{col 40}{space 1}    5.51{col 49}{space 3}0.000{col 57}{space 4} 910.9212{col 70}{space 3} 1924.368
{txt}{space 10}1975  {c |}{col 17}{res}{space 2} 1515.468{col 29}{space 2} 259.8215{col 40}{space 1}    5.83{col 49}{space 3}0.000{col 57}{space 4} 1003.882{col 70}{space 3} 2027.054
{txt}{space 10}1976  {c |}{col 17}{res}{space 2} 1961.474{col 29}{space 2} 279.2586{col 40}{space 1}    7.02{col 49}{space 3}0.000{col 57}{space 4} 1411.616{col 70}{space 3} 2511.332
{txt}{space 10}1977  {c |}{col 17}{res}{space 2} 1791.676{col 29}{space 2} 297.7184{col 40}{space 1}    6.02{col 49}{space 3}0.000{col 57}{space 4} 1205.472{col 70}{space 3} 2377.881
{txt}{space 10}1978  {c |}{col 17}{res}{space 2} 2004.994{col 29}{space 2} 307.8638{col 40}{space 1}    6.51{col 49}{space 3}0.000{col 57}{space 4} 1398.814{col 70}{space 3} 2611.175
{txt}{space 10}1979  {c |}{col 17}{res}{space 2} 1789.366{col 29}{space 2} 296.7833{col 40}{space 1}    6.03{col 49}{space 3}0.000{col 57}{space 4} 1205.002{col 70}{space 3} 2373.729
{txt}{space 10}1980  {c |}{col 17}{res}{space 2} 1455.751{col 29}{space 2} 307.8409{col 40}{space 1}    4.73{col 49}{space 3}0.000{col 57}{space 4} 849.6153{col 70}{space 3} 2061.887
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 806.1285{col 29}{space 2} 217.8348{col 40}{space 1}    3.70{col 49}{space 3}0.000{col 57}{space 4} 377.2139{col 70}{space 3} 1235.043
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpre if year<=1980 & oldsouth==1
{txt}(option xb assumed; fitted values)
(3,024 missing values generated)

{com}. 
. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   264) ={res}   22.37
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   264) ={res}   11.55
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.588768{col 26}{space 2} 1.886934{col 37}{space 1}   -1.37{col 46}{space 3}0.171{col 54}{space 4}-6.304123{col 67}{space 3} 1.126588
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 6.354679{col 26}{space 2} 2.961662{col 37}{space 1}    2.15{col 46}{space 3}0.032{col 54}{space 4} .5499277{col 67}{space 3} 12.15943
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum klarnerranney   if real_pc_inc_annhatallpre!=. & year<=1980 & oldsouth==1, detail

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res}        0              0
{txt} 5%    {res}        0              0
{txt}10%    {res}        0              0       {txt}Obs         {res}        315
{txt}25%    {res} .9433962              0       {txt}Sum of Wgt. {res}        315

{txt}50%    {res} 8.571429                      {txt}Mean          {res} 23.94992
                        {txt}Largest       Std. Dev.     {res}  26.1022
{txt}75%    {res} 44.05263       86.86869
{txt}90%    {res} 65.65657       89.89899       {txt}Variance      {res} 681.3247
{txt}95%    {res} 75.75758       90.90909       {txt}Skewness      {res} .7897964
{txt}99%    {res} 86.86869       90.90909       {txt}Kurtosis      {res} 2.376814
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  klarnerranney ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF klarnerranney MINUS 25TH PERCENTILE VALUE OF klarnerranney FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*44.05263  -  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*0.9433962

       {txt}_nl_1:  {res}(_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*44.05263 - (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*0.9433962

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 273.9454{col 26}{space 2}  127.675{col 37}{space 1}    2.15{col 46}{space 3}0.032{col 54}{space 4} 23.70696{col 67}{space 3} 524.1838
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui regress d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year <=1980 & oldsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       315{col 27}-184.4023{col 38}-128.9854{col 49}    51{col 58} 359.9708{col 69}  551.352
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. *
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.ihsklarnerranney  l.ihsklarnerranney l.real_pc_inc_ann l.d.ihsklarnerranney d.real_pc_inc_ann  l2.d.ihsklarnerranney  l.d.real_pc_inc_ann  l3.d.ihsklarnerranney l2.d.real_pc_inc_ann  i.state_fips i.year if year <=1980 & oldsouth==1, lag(6) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       315
{txt}maximum lag: {res}6{col 49}{txt}F( 50,       264){col 67}= {res}      3.62
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.              {col 18}{c |}{col 30}  Newey-West
{col 1}ihsklarnerranney{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      t{col 50}   P>|t|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
ihsklarnerranney {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} -.110164{col 30}{space 2} .0464822{col 41}{space 1}   -2.37{col 50}{space 3}0.019{col 58}{space 4}-.2016871{col 71}{space 3} -.018641
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0001642{col 30}{space 2} .0001635{col 41}{space 1}   -1.00{col 50}{space 3}0.316{col 58}{space 4}-.0004861{col 71}{space 3} .0001577
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 13}LD. {c |}{col 18}{res}{space 2}-.0197375{col 30}{space 2} .0985903{col 41}{space 1}   -0.20{col 50}{space 3}0.841{col 58}{space 4}-.2138609{col 71}{space 3} .1743858
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}D1. {c |}{col 18}{res}{space 2} -.000298{col 30}{space 2} .0001562{col 41}{space 1}   -1.91{col 50}{space 3}0.058{col 58}{space 4}-.0006056{col 71}{space 3} 9.58e-06
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2}-.2092395{col 30}{space 2} .0647785{col 41}{space 1}   -3.23{col 50}{space 3}0.001{col 58}{space 4}-.3367877{col 71}{space 3}-.0816912
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 13}LD. {c |}{col 18}{res}{space 2} .0001941{col 30}{space 2} .0001981{col 41}{space 1}    0.98{col 50}{space 3}0.328{col 58}{space 4} -.000196{col 71}{space 3} .0005841
{txt}{space 16} {c |}
ihsklarnerranney {c |}
{space 12}L3D. {c |}{col 18}{res}{space 2}-.0760237{col 30}{space 2} .0552425{col 41}{space 1}   -1.38{col 50}{space 3}0.170{col 58}{space 4}-.1847957{col 71}{space 3} .0327482
{txt}{space 16} {c |}
{space 1}real_pc_inc_ann {c |}
{space 12}L2D. {c |}{col 18}{res}{space 2}-.0000332{col 30}{space 2}  .000199{col 41}{space 1}   -0.17{col 50}{space 3}0.868{col 58}{space 4} -.000425{col 71}{space 3} .0003586
{txt}{space 16} {c |}
{space 6}state_fips {c |}
{space 14}5  {c |}{col 18}{res}{space 2} .0064472{col 30}{space 2} .0952846{col 41}{space 1}    0.07{col 50}{space 3}0.946{col 58}{space 4}-.1811672{col 71}{space 3} .1940617
{txt}{space 13}21  {c |}{col 18}{res}{space 2} .4091176{col 30}{space 2}  .216884{col 41}{space 1}    1.89{col 50}{space 3}0.060{col 58}{space 4}-.0179249{col 71}{space 3} .8361602
{txt}{space 13}22  {c |}{col 18}{res}{space 2} .1357294{col 30}{space 2} .1371762{col 41}{space 1}    0.99{col 50}{space 3}0.323{col 58}{space 4}-.1343694{col 71}{space 3} .4058281
{txt}{space 13}28  {c |}{col 18}{res}{space 2}-.0822272{col 30}{space 2} .1625197{col 41}{space 1}   -0.51{col 50}{space 3}0.613{col 58}{space 4}-.4022269{col 71}{space 3} .2377724
{txt}{space 13}40  {c |}{col 18}{res}{space 2} .5102282{col 30}{space 2} .2809043{col 41}{space 1}    1.82{col 50}{space 3}0.070{col 58}{space 4}-.0428697{col 71}{space 3} 1.063326
{txt}{space 13}45  {c |}{col 18}{res}{space 2} .1161732{col 30}{space 2} .1241918{col 41}{space 1}    0.94{col 50}{space 3}0.350{col 58}{space 4}-.1283592{col 71}{space 3} .3607057
{txt}{space 13}47  {c |}{col 18}{res}{space 2} .4426577{col 30}{space 2} .2096562{col 41}{space 1}    2.11{col 50}{space 3}0.036{col 58}{space 4} .0298467{col 71}{space 3} .8554687
{txt}{space 13}54  {c |}{col 18}{res}{space 2} .4099583{col 30}{space 2} .2252057{col 41}{space 1}    1.82{col 50}{space 3}0.070{col 58}{space 4}-.0334696{col 71}{space 3} .8533862
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1947  {c |}{col 18}{res}{space 2}  .000132{col 30}{space 2} .1562145{col 41}{space 1}    0.00{col 50}{space 3}0.999{col 58}{space 4}-.3074529{col 71}{space 3} .3077169
{txt}{space 11}1948  {c |}{col 18}{res}{space 2} .0704627{col 30}{space 2} .2131895{col 41}{space 1}    0.33{col 50}{space 3}0.741{col 58}{space 4}-.3493054{col 71}{space 3} .4902309
{txt}{space 11}1949  {c |}{col 18}{res}{space 2}-.2765866{col 30}{space 2} .1864871{col 41}{space 1}   -1.48{col 50}{space 3}0.139{col 58}{space 4}-.6437779{col 71}{space 3} .0906046
{txt}{space 11}1950  {c |}{col 18}{res}{space 2}-.0170373{col 30}{space 2} .1379805{col 41}{space 1}   -0.12{col 50}{space 3}0.902{col 58}{space 4}-.2887196{col 71}{space 3} .2546449
{txt}{space 11}1951  {c |}{col 18}{res}{space 2} .0417656{col 30}{space 2} .1428599{col 41}{space 1}    0.29{col 50}{space 3}0.770{col 58}{space 4}-.2395242{col 71}{space 3} .3230554
{txt}{space 11}1952  {c |}{col 18}{res}{space 2} .0329053{col 30}{space 2} .1148922{col 41}{space 1}    0.29{col 50}{space 3}0.775{col 58}{space 4}-.1933164{col 71}{space 3}  .259127
{txt}{space 11}1953  {c |}{col 18}{res}{space 2} .1784262{col 30}{space 2} .1317147{col 41}{space 1}    1.35{col 50}{space 3}0.177{col 58}{space 4}-.0809188{col 71}{space 3} .4377713
{txt}{space 11}1954  {c |}{col 18}{res}{space 2} .0274074{col 30}{space 2} .1018403{col 41}{space 1}    0.27{col 50}{space 3}0.788{col 58}{space 4}-.1731152{col 71}{space 3}   .22793
{txt}{space 11}1955  {c |}{col 18}{res}{space 2} .1559342{col 30}{space 2} .1888832{col 41}{space 1}    0.83{col 50}{space 3}0.410{col 58}{space 4}-.2159751{col 71}{space 3} .5278435
{txt}{space 11}1956  {c |}{col 18}{res}{space 2} .1201113{col 30}{space 2} .1824499{col 41}{space 1}    0.66{col 50}{space 3}0.511{col 58}{space 4}-.2391308{col 71}{space 3} .4793534
{txt}{space 11}1957  {c |}{col 18}{res}{space 2} .1115848{col 30}{space 2} .1597755{col 41}{space 1}    0.70{col 50}{space 3}0.486{col 58}{space 4}-.2030116{col 71}{space 3} .4261812
{txt}{space 11}1958  {c |}{col 18}{res}{space 2} .1810751{col 30}{space 2} .1754564{col 41}{space 1}    1.03{col 50}{space 3}0.303{col 58}{space 4}-.1643969{col 71}{space 3}  .526547
{txt}{space 11}1959  {c |}{col 18}{res}{space 2}-.1466853{col 30}{space 2} .2682496{col 41}{space 1}   -0.55{col 50}{space 3}0.585{col 58}{space 4}-.6748662{col 71}{space 3} .3814957
{txt}{space 11}1960  {c |}{col 18}{res}{space 2} .0978009{col 30}{space 2} .2153422{col 41}{space 1}    0.45{col 50}{space 3}0.650{col 58}{space 4} -.326206{col 71}{space 3} .5218077
{txt}{space 11}1961  {c |}{col 18}{res}{space 2} .2840551{col 30}{space 2} .2277833{col 41}{space 1}    1.25{col 50}{space 3}0.213{col 58}{space 4} -.164448{col 71}{space 3} .7325583
{txt}{space 11}1962  {c |}{col 18}{res}{space 2} .2121322{col 30}{space 2}  .252572{col 41}{space 1}    0.84{col 50}{space 3}0.402{col 58}{space 4}-.2851797{col 71}{space 3}  .709444
{txt}{space 11}1963  {c |}{col 18}{res}{space 2} .5434551{col 30}{space 2} .2953193{col 41}{space 1}    1.84{col 50}{space 3}0.067{col 58}{space 4}-.0380258{col 71}{space 3} 1.124936
{txt}{space 11}1964  {c |}{col 18}{res}{space 2}  .635939{col 30}{space 2} .3499277{col 41}{space 1}    1.82{col 50}{space 3}0.070{col 58}{space 4}-.0530652{col 71}{space 3} 1.324943
{txt}{space 11}1965  {c |}{col 18}{res}{space 2} .4430225{col 30}{space 2} .3703871{col 41}{space 1}    1.20{col 50}{space 3}0.233{col 58}{space 4}-.2862663{col 71}{space 3} 1.172311
{txt}{space 11}1966  {c |}{col 18}{res}{space 2} .9185223{col 30}{space 2} .4499292{col 41}{space 1}    2.04{col 50}{space 3}0.042{col 58}{space 4}  .032616{col 71}{space 3} 1.804429
{txt}{space 11}1967  {c |}{col 18}{res}{space 2} 1.196622{col 30}{space 2}  .509298{col 41}{space 1}    2.35{col 50}{space 3}0.020{col 58}{space 4} .1938196{col 71}{space 3} 2.199425
{txt}{space 11}1968  {c |}{col 18}{res}{space 2} .4396662{col 30}{space 2} .4909696{col 41}{space 1}    0.90{col 50}{space 3}0.371{col 58}{space 4}-.5270483{col 71}{space 3} 1.406381
{txt}{space 11}1969  {c |}{col 18}{res}{space 2} .8567989{col 30}{space 2} .5620602{col 41}{space 1}    1.52{col 50}{space 3}0.129{col 58}{space 4}-.2498923{col 71}{space 3}  1.96349
{txt}{space 11}1970  {c |}{col 18}{res}{space 2} 1.079665{col 30}{space 2} .6470434{col 41}{space 1}    1.67{col 50}{space 3}0.096{col 58}{space 4}-.1943573{col 71}{space 3} 2.353687
{txt}{space 11}1971  {c |}{col 18}{res}{space 2} .7503186{col 30}{space 2} .6195347{col 41}{space 1}    1.21{col 50}{space 3}0.227{col 58}{space 4}-.4695393{col 71}{space 3} 1.970176
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} 1.005422{col 30}{space 2} .7519619{col 41}{space 1}    1.34{col 50}{space 3}0.182{col 58}{space 4}-.4751835{col 71}{space 3} 2.486028
{txt}{space 11}1973  {c |}{col 18}{res}{space 2} 1.039946{col 30}{space 2}  .746897{col 41}{space 1}    1.39{col 50}{space 3}0.165{col 58}{space 4}-.4306873{col 71}{space 3} 2.510579
{txt}{space 11}1974  {c |}{col 18}{res}{space 2} .8251041{col 30}{space 2} .7907963{col 41}{space 1}    1.04{col 50}{space 3}0.298{col 58}{space 4}-.7319664{col 71}{space 3} 2.382175
{txt}{space 11}1975  {c |}{col 18}{res}{space 2} .7607677{col 30}{space 2} .8219134{col 41}{space 1}    0.93{col 50}{space 3}0.355{col 58}{space 4}-.8575721{col 71}{space 3} 2.379107
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} 1.033804{col 30}{space 2} .8535781{col 41}{space 1}    1.21{col 50}{space 3}0.227{col 58}{space 4} -.646883{col 71}{space 3} 2.714491
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} 1.229577{col 30}{space 2} .9869021{col 41}{space 1}    1.25{col 50}{space 3}0.214{col 58}{space 4} -.713624{col 71}{space 3} 3.172778
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} 1.119397{col 30}{space 2}  .928129{col 41}{space 1}    1.21{col 50}{space 3}0.229{col 58}{space 4}-.7080797{col 71}{space 3} 2.946875
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} 1.256233{col 30}{space 2} .9778454{col 41}{space 1}    1.28{col 50}{space 3}0.200{col 58}{space 4}-.6691355{col 71}{space 3} 3.181601
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} 1.122074{col 30}{space 2} .9627855{col 41}{space 1}    1.17{col 50}{space 3}0.245{col 58}{space 4}-.7736416{col 71}{space 3} 3.017789
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .6949168{col 30}{space 2}  .666799{col 41}{space 1}    1.04{col 50}{space 3}0.298{col 58}{space 4}-.6180042{col 71}{space 3} 2.007838
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict ihsklarnerranneyhatallpre if year<=1980 & oldsouth==1
{txt}(option xb assumed; fitted values)
(3,024 missing values generated)

{com}. 
.  
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.ihsklarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney = 0{p_end}

{txt}       F(  1,   264) ={res}    5.62
{txt}{col 13}Prob > F ={res}    0.0185
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.ihsklarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.ihsklarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.ihsklarnerranney = 0{p_end}

{txt}       F(  2,   264) ={res}    2.88
{txt}{col 13}Prob > F ={res}    0.0579
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann +  l2.d.real_pc_inc_ann + 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0001371{col 26}{space 2} .0003721{col 37}{space 1}   -0.37{col 46}{space 3}0.713{col 54}{space 4}-.0008697{col 67}{space 3} .0005955
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.ihsklarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-.0014904{col 26}{space 2} .0014467{col 37}{space 1}   -1.03{col 46}{space 3}0.303{col 54}{space 4}-.0043258{col 67}{space 3}  .001345
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum real_pc_inc_ann    if ihsklarnerranneyhatallpre!=. & year<=1980 & oldsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 3175.111       2933.336
{txt} 5%    {res} 3624.476       2952.088
{txt}10%    {res} 3950.903       3099.246       {txt}Obs         {res}        315
{txt}25%    {res} 4643.055       3175.111       {txt}Sum of Wgt. {res}        315

{txt}50%    {res}  5946.47                      {txt}Mean          {res} 6508.801
                        {txt}Largest       Std. Dev.     {res} 2170.654
{txt}75%    {res} 8432.818       10840.21
{txt}90%    {res} 9649.645       11256.66       {txt}Variance      {res}  4711739
{txt}95%    {res} 10159.67       11511.87       {txt}Skewness      {res} .3671428
{txt}99%    {res} 10840.21       11566.87       {txt}Kurtosis      {res} 1.916253
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF  real_pc_inc_ann ON klarnerranney:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / - _b[l.ihsklarnerranney])*8432.818   -  (_b[l.real_pc_inc_ann] / - _b[l.ihsklarnerranney])*4643.055

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / - _b[l.ihsklarnerranney])*8432.818 - (_b[l.real_pc_inc_ann] / - _b[l.ihsklarnerranney])*4643.055

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}ihsklarner~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-5.648311{col 26}{space 2} 5.482535{col 37}{space 1}   -1.03{col 46}{space 3}0.303{col 54}{space 4}-16.39388{col 67}{space 3}  5.09726
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (5,4)  MODEL
. 
. 
. 
. *** IV.C: OLD SOUTH STATES (N = 9): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  l4.d.real_pc_inc_ann l3.d.klarnerranney    i.state_fips i.year if year >1980 & oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       270{col 27}-1889.087{col 38}-1754.481{col 49}    48{col 58} 3604.963{col 69} 3777.687
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.klarnerranney   l.d.real_pc_inc_ann d.klarnerranney  l2.d.real_pc_inc_ann  l.d.klarnerranney  l3.d.real_pc_inc_ann l2.d.klarnerranney  l4.d.real_pc_inc_ann l3.d.klarnerranney    i.state_fips i.year if year >1980 & oldsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       270
{txt}maximum lag: {res}5{col 49}{txt}F( 47,       222){col 67}= {res}     21.04
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.             {col 17}{c |}{col 29}  Newey-West
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.2174905{col 29}{space 2} .0490159{col 40}{space 1}   -4.44{col 49}{space 3}0.000{col 57}{space 4}-.3140865{col 70}{space 3}-.1208946
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} 2.616197{col 29}{space 2} 1.414062{col 40}{space 1}    1.85{col 49}{space 3}0.066{col 57}{space 4}-.1705059{col 70}{space 3} 5.402899
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .1651165{col 29}{space 2}  .140479{col 40}{space 1}    1.18{col 49}{space 3}0.241{col 57}{space 4}-.1117265{col 70}{space 3} .4419595
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}  2.17384{col 29}{space 2} 1.867029{col 40}{space 1}    1.16{col 49}{space 3}0.246{col 57}{space 4}-1.505527{col 70}{space 3} 5.853207
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .3100396{col 29}{space 2} .1386055{col 40}{space 1}    2.24{col 49}{space 3}0.026{col 57}{space 4} .0368888{col 70}{space 3} .5831905
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-3.553391{col 29}{space 2} 2.230996{col 40}{space 1}   -1.59{col 49}{space 3}0.113{col 57}{space 4}-7.950032{col 70}{space 3}   .84325
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0321684{col 29}{space 2} .0872462{col 40}{space 1}   -0.37{col 49}{space 3}0.713{col 57}{space 4}-.2041052{col 70}{space 3} .1397684
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} -4.87765{col 29}{space 2} 1.953785{col 40}{space 1}   -2.50{col 49}{space 3}0.013{col 57}{space 4}-8.727989{col 70}{space 3} -1.02731
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L4D. {c |}{col 17}{res}{space 2} .1870153{col 29}{space 2} .0693955{col 40}{space 1}    2.69{col 49}{space 3}0.008{col 57}{space 4}  .050257{col 70}{space 3} .3237735
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} 2.757817{col 29}{space 2} 2.171332{col 40}{space 1}    1.27{col 49}{space 3}0.205{col 57}{space 4}-1.521242{col 70}{space 3} 7.036876
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2}-91.59082{col 29}{space 2} 29.71943{col 40}{space 1}   -3.08{col 49}{space 3}0.002{col 57}{space 4}-150.1591{col 70}{space 3}-33.02251
{txt}{space 12}21  {c |}{col 17}{res}{space 2}-96.29505{col 29}{space 2} 44.46216{col 40}{space 1}   -2.17{col 49}{space 3}0.031{col 57}{space 4} -183.917{col 70}{space 3} -8.67315
{txt}{space 12}22  {c |}{col 17}{res}{space 2} 66.08396{col 29}{space 2} 54.50081{col 40}{space 1}    1.21{col 49}{space 3}0.227{col 57}{space 4}-41.32119{col 70}{space 3} 173.4891
{txt}{space 12}28  {c |}{col 17}{res}{space 2}-314.4918{col 29}{space 2} 73.22064{col 40}{space 1}   -4.30{col 49}{space 3}0.000{col 57}{space 4}-458.7882{col 70}{space 3}-170.1953
{txt}{space 12}40  {c |}{col 17}{res}{space 2} 57.96382{col 29}{space 2} 43.29614{col 40}{space 1}    1.34{col 49}{space 3}0.182{col 57}{space 4}-27.36021{col 70}{space 3} 143.2879
{txt}{space 12}45  {c |}{col 17}{res}{space 2}-59.97523{col 29}{space 2} 41.31674{col 40}{space 1}   -1.45{col 49}{space 3}0.148{col 57}{space 4}-141.3984{col 70}{space 3} 21.44797
{txt}{space 12}47  {c |}{col 17}{res}{space 2} 111.9272{col 29}{space 2} 52.59795{col 40}{space 1}    2.13{col 49}{space 3}0.034{col 57}{space 4} 8.272024{col 70}{space 3} 215.5824
{txt}{space 12}54  {c |}{col 17}{res}{space 2}-185.1008{col 29}{space 2} 40.39683{col 40}{space 1}   -4.58{col 49}{space 3}0.000{col 57}{space 4}-264.7111{col 70}{space 3}-105.4904
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-148.9442{col 29}{space 2} 124.5449{col 40}{space 1}   -1.20{col 49}{space 3}0.233{col 57}{space 4}-394.3858{col 70}{space 3} 96.49731
{txt}{space 10}1983  {c |}{col 17}{res}{space 2}-115.7911{col 29}{space 2} 146.5496{col 40}{space 1}   -0.79{col 49}{space 3}0.430{col 57}{space 4}-404.5975{col 70}{space 3} 173.0154
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} 425.7509{col 29}{space 2} 125.8282{col 40}{space 1}    3.38{col 49}{space 3}0.001{col 57}{space 4} 177.7804{col 70}{space 3} 673.7214
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 4.178595{col 29}{space 2} 155.1884{col 40}{space 1}    0.03{col 49}{space 3}0.979{col 57}{space 4}-301.6524{col 70}{space 3} 310.0095
{txt}{space 10}1986  {c |}{col 17}{res}{space 2} 2.011253{col 29}{space 2} 131.6004{col 40}{space 1}    0.02{col 49}{space 3}0.988{col 57}{space 4}-257.3347{col 70}{space 3} 261.3572
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} 55.89271{col 29}{space 2} 135.0503{col 40}{space 1}    0.41{col 49}{space 3}0.679{col 57}{space 4} -210.252{col 70}{space 3} 322.0374
{txt}{space 10}1988  {c |}{col 17}{res}{space 2}  200.387{col 29}{space 2} 118.3966{col 40}{space 1}    1.69{col 49}{space 3}0.092{col 57}{space 4}-32.93801{col 70}{space 3} 433.7121
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} 282.5468{col 29}{space 2} 160.1048{col 40}{space 1}    1.76{col 49}{space 3}0.079{col 57}{space 4}-32.97293{col 70}{space 3} 598.0666
{txt}{space 10}1990  {c |}{col 17}{res}{space 2} 62.80233{col 29}{space 2}  148.003{col 40}{space 1}    0.42{col 49}{space 3}0.672{col 57}{space 4}-228.8683{col 70}{space 3}  354.473
{txt}{space 10}1991  {c |}{col 17}{res}{space 2} 72.87798{col 29}{space 2} 137.5219{col 40}{space 1}    0.53{col 49}{space 3}0.597{col 57}{space 4}-198.1375{col 70}{space 3} 343.8934
{txt}{space 10}1992  {c |}{col 17}{res}{space 2} 456.8501{col 29}{space 2} 135.4109{col 40}{space 1}    3.37{col 49}{space 3}0.001{col 57}{space 4} 189.9948{col 70}{space 3} 723.7054
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} 214.3362{col 29}{space 2} 184.1166{col 40}{space 1}    1.16{col 49}{space 3}0.246{col 57}{space 4}-148.5039{col 70}{space 3} 577.1762
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} 406.9336{col 29}{space 2} 149.0677{col 40}{space 1}    2.73{col 49}{space 3}0.007{col 57}{space 4} 113.1647{col 70}{space 3} 700.7025
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 394.6897{col 29}{space 2} 185.7345{col 40}{space 1}    2.13{col 49}{space 3}0.035{col 57}{space 4} 28.66135{col 70}{space 3} 760.7181
{txt}{space 10}1996  {c |}{col 17}{res}{space 2}  368.974{col 29}{space 2} 157.9407{col 40}{space 1}    2.34{col 49}{space 3}0.020{col 57}{space 4} 57.71918{col 70}{space 3} 680.2288
{txt}{space 10}1997  {c |}{col 17}{res}{space 2} 595.2729{col 29}{space 2} 181.2605{col 40}{space 1}    3.28{col 49}{space 3}0.001{col 57}{space 4} 238.0615{col 70}{space 3} 952.4843
{txt}{space 10}1998  {c |}{col 17}{res}{space 2} 733.3354{col 29}{space 2} 189.3707{col 40}{space 1}    3.87{col 49}{space 3}0.000{col 57}{space 4} 360.1412{col 70}{space 3}  1106.53
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 459.5739{col 29}{space 2} 232.0275{col 40}{space 1}    1.98{col 49}{space 3}0.049{col 57}{space 4}  2.31548{col 70}{space 3} 916.8322
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 645.6942{col 29}{space 2} 196.4702{col 40}{space 1}    3.29{col 49}{space 3}0.001{col 57}{space 4}  258.509{col 70}{space 3} 1032.879
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} 735.4103{col 29}{space 2} 242.4857{col 40}{space 1}    3.03{col 49}{space 3}0.003{col 57}{space 4} 257.5419{col 70}{space 3} 1213.279
{txt}{space 10}2002  {c |}{col 17}{res}{space 2} 474.3882{col 29}{space 2} 222.3155{col 40}{space 1}    2.13{col 49}{space 3}0.034{col 57}{space 4} 36.26946{col 70}{space 3} 912.5069
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 652.0011{col 29}{space 2} 215.2815{col 40}{space 1}    3.03{col 49}{space 3}0.003{col 57}{space 4} 227.7442{col 70}{space 3} 1076.258
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 910.9188{col 29}{space 2}  240.743{col 40}{space 1}    3.78{col 49}{space 3}0.000{col 57}{space 4} 436.4848{col 70}{space 3} 1385.353
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 822.5178{col 29}{space 2} 261.9659{col 40}{space 1}    3.14{col 49}{space 3}0.002{col 57}{space 4} 306.2597{col 70}{space 3} 1338.776
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 1135.245{col 29}{space 2} 263.3897{col 40}{space 1}    4.31{col 49}{space 3}0.000{col 57}{space 4} 616.1808{col 70}{space 3} 1654.309
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} 1045.073{col 29}{space 2}  293.224{col 40}{space 1}    3.56{col 49}{space 3}0.000{col 57}{space 4} 467.2138{col 70}{space 3} 1622.931
{txt}{space 10}2008  {c |}{col 17}{res}{space 2} 863.3084{col 29}{space 2} 317.1524{col 40}{space 1}    2.72{col 49}{space 3}0.007{col 57}{space 4} 238.2938{col 70}{space 3} 1488.323
{txt}{space 10}2009  {c |}{col 17}{res}{space 2} 289.6971{col 29}{space 2} 254.0848{col 40}{space 1}    1.14{col 49}{space 3}0.255{col 57}{space 4}-211.0298{col 70}{space 3} 790.4239
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} 979.4541{col 29}{space 2} 224.8076{col 40}{space 1}    4.36{col 49}{space 3}0.000{col 57}{space 4} 536.4242{col 70}{space 3} 1422.484
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 2288.035{col 29}{space 2}  448.323{col 40}{space 1}    5.10{col 49}{space 3}0.000{col 57}{space 4} 1404.521{col 70}{space 3} 3171.548
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & oldsouth==1
{txt}(option xb assumed; fitted values)
(3,069 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   222) ={res}   19.69
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.klarnerranney = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   222) ={res}   11.21
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.klarnerranney +  l.d.klarnerranney +  l2.d.klarnerranney +  l3.d.klarnerranney 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.klarnerranney + LD.klarnerranney + L2D.klarnerranney + L3D.klarnerranney = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.499384{col 26}{space 2} 4.777817{col 37}{space 1}   -0.73{col 46}{space 3}0.465{col 54}{space 4}-12.91506{col 67}{space 3} 5.916295
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.klarnerranney]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.klarnerranney]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 12.02901{col 26}{space 2} 5.039203{col 37}{space 1}    2.39{col 46}{space 3}0.017{col 54}{space 4} 2.152357{col 67}{space 3} 21.90567
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. sum klarnerranney   if real_pc_inc_annhatallpost!=. & year > 1980 & oldsouth==1, detail

         {txt}Annual Ranney Measure of State Legislative
               Partisan Balance (Klarner Data)
{hline 61}
      Percentiles      Smallest
 1%    {res}  9.52381       4.761905
{txt} 5%    {res} 13.99267       4.761905
{txt}10%    {res} 21.62605        9.52381       {txt}Obs         {res}        270
{txt}25%    {res} 39.04762        9.52381       {txt}Sum of Wgt. {res}        270

{txt}50%    {res} 61.51174                      {txt}Mean          {res} 58.58739
                        {txt}Largest       Std. Dev.     {res} 25.29815
{txt}75%    {res} 81.81818       98.14165
{txt}90%    {res} 90.90909       98.52632       {txt}Variance      {res} 639.9964
{txt}95%    {res} 96.89474        98.9899       {txt}Skewness      {res}-.2543468
{txt}99%    {res} 98.52632       99.26367       {txt}Kurtosis      {res} 2.040101
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  klarnerranney ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF klarnerranney MINUS 25TH PERCENTILE VALUE OF klarnerranney FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*81.81818  -  (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*39.04762

       {txt}_nl_1:  {res}(_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*81.81818 - (_b[l.klarnerranney] / - _b[l.real_pc_inc_ann])*39.04762

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 514.4877{col 26}{space 2} 215.5295{col 37}{space 1}    2.39{col 46}{space 3}0.017{col 54}{space 4} 92.05754{col 67}{space 3} 936.9178
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  l4.d.klarnerranney l3.d.real_pc_inc_ann    i.state_fips i.year if year >1980 & oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       270{col 27}-875.4848{col 38}-816.1783{col 49}    48{col 58} 1728.357{col 69} 1901.081
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. newey d.klarnerranney  l.klarnerranney l.real_pc_inc_ann l.d.klarnerranney d.real_pc_inc_ann  l2.d.klarnerranney  l.d.real_pc_inc_ann  l3.d.klarnerranney l2.d.real_pc_inc_ann  l4.d.klarnerranney l3.d.real_pc_inc_ann    i.state_fips i.year if year >1980 & oldsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       270
{txt}maximum lag: {res}5{col 49}{txt}F( 47,       222){col 67}= {res}      3.29
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}D.klarnerranney{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 2}klarnerranney {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.1578458{col 29}{space 2} .0406859{col 40}{space 1}   -3.88{col 49}{space 3}0.000{col 57}{space 4}-.2380258{col 70}{space 3}-.0776659
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .0015643{col 29}{space 2} .0009388{col 40}{space 1}    1.67{col 49}{space 3}0.097{col 57}{space 4}-.0002859{col 70}{space 3} .0034144
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0407058{col 29}{space 2} .0693411{col 40}{space 1}    0.59{col 49}{space 3}0.558{col 57}{space 4}-.0959452{col 70}{space 3} .1773569
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2} .0021405{col 29}{space 2} .0015025{col 40}{space 1}    1.42{col 49}{space 3}0.156{col 57}{space 4}-.0008205{col 70}{space 3} .0051016
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .1495961{col 29}{space 2} .0841221{col 40}{space 1}    1.78{col 49}{space 3}0.077{col 57}{space 4}-.0161839{col 70}{space 3} .3153761
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}  .001968{col 29}{space 2} .0028939{col 40}{space 1}    0.68{col 49}{space 3}0.497{col 57}{space 4}-.0037351{col 70}{space 3} .0076711
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .1012383{col 29}{space 2} .0506322{col 40}{space 1}    2.00{col 49}{space 3}0.047{col 57}{space 4} .0014571{col 70}{space 3} .2010195
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} -.000879{col 29}{space 2} .0032109{col 40}{space 1}   -0.27{col 49}{space 3}0.785{col 57}{space 4}-.0072066{col 70}{space 3} .0054487
{txt}{space 15} {c |}
{space 2}klarnerranney {c |}
{space 11}L4D. {c |}{col 17}{res}{space 2}-.2154826{col 29}{space 2} .0837887{col 40}{space 1}   -2.57{col 49}{space 3}0.011{col 57}{space 4}-.3806057{col 70}{space 3}-.0503595
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .0023635{col 29}{space 2} .0020811{col 40}{space 1}    1.14{col 49}{space 3}0.257{col 57}{space 4}-.0017377{col 70}{space 3} .0064646
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2}-1.233658{col 29}{space 2} 1.655478{col 40}{space 1}   -0.75{col 49}{space 3}0.457{col 57}{space 4}-4.496121{col 70}{space 3} 2.028805
{txt}{space 12}21  {c |}{col 17}{res}{space 2} 3.234379{col 29}{space 2} 1.220495{col 40}{space 1}    2.65{col 49}{space 3}0.009{col 57}{space 4} .8291408{col 70}{space 3} 5.639617
{txt}{space 12}22  {c |}{col 17}{res}{space 2}-.5491206{col 29}{space 2} 1.006368{col 40}{space 1}   -0.55{col 49}{space 3}0.586{col 57}{space 4}-2.532378{col 70}{space 3} 1.434137
{txt}{space 12}28  {c |}{col 17}{res}{space 2} 2.403191{col 29}{space 2}  1.79654{col 40}{space 1}    1.34{col 49}{space 3}0.182{col 57}{space 4}-1.137264{col 70}{space 3} 5.943646
{txt}{space 12}40  {c |}{col 17}{res}{space 2} .5922368{col 29}{space 2}  1.59429{col 40}{space 1}    0.37{col 49}{space 3}0.711{col 57}{space 4}-2.549642{col 70}{space 3} 3.734115
{txt}{space 12}45  {c |}{col 17}{res}{space 2} 2.763806{col 29}{space 2} 1.263951{col 40}{space 1}    2.19{col 49}{space 3}0.030{col 57}{space 4} .2729282{col 70}{space 3} 5.254684
{txt}{space 12}47  {c |}{col 17}{res}{space 2} 1.343056{col 29}{space 2} 1.914328{col 40}{space 1}    0.70{col 49}{space 3}0.484{col 57}{space 4}-2.429525{col 70}{space 3} 5.115637
{txt}{space 12}54  {c |}{col 17}{res}{space 2}-1.302403{col 29}{space 2} 1.235177{col 40}{space 1}   -1.05{col 49}{space 3}0.293{col 57}{space 4}-3.736576{col 70}{space 3}  1.13177
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-.8755164{col 29}{space 2} 2.787865{col 40}{space 1}   -0.31{col 49}{space 3}0.754{col 57}{space 4}-6.369583{col 70}{space 3}  4.61855
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} 1.658146{col 29}{space 2} 2.380578{col 40}{space 1}    0.70{col 49}{space 3}0.487{col 57}{space 4}-3.033276{col 70}{space 3} 6.349569
{txt}{space 10}1984  {c |}{col 17}{res}{space 2}-1.180562{col 29}{space 2} 2.082623{col 40}{space 1}   -0.57{col 49}{space 3}0.571{col 57}{space 4}-5.284803{col 70}{space 3} 2.923679
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 6.358465{col 29}{space 2} 3.816895{col 40}{space 1}    1.67{col 49}{space 3}0.097{col 57}{space 4}-1.163519{col 70}{space 3} 13.88045
{txt}{space 10}1986  {c |}{col 17}{res}{space 2}-.7038834{col 29}{space 2}  2.45759{col 40}{space 1}   -0.29{col 49}{space 3}0.775{col 57}{space 4}-5.547074{col 70}{space 3} 4.139307
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} 1.037421{col 29}{space 2} 3.183945{col 40}{space 1}    0.33{col 49}{space 3}0.745{col 57}{space 4}-5.237202{col 70}{space 3} 7.312045
{txt}{space 10}1988  {c |}{col 17}{res}{space 2}-1.247176{col 29}{space 2} 2.002711{col 40}{space 1}   -0.62{col 49}{space 3}0.534{col 57}{space 4}-5.193933{col 70}{space 3} 2.699582
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} .2012312{col 29}{space 2} 3.133815{col 40}{space 1}    0.06{col 49}{space 3}0.949{col 57}{space 4}-5.974602{col 70}{space 3} 6.377064
{txt}{space 10}1990  {c |}{col 17}{res}{space 2}-.4541368{col 29}{space 2} 2.331878{col 40}{space 1}   -0.19{col 49}{space 3}0.846{col 57}{space 4}-5.049585{col 70}{space 3} 4.141312
{txt}{space 10}1991  {c |}{col 17}{res}{space 2} 1.985077{col 29}{space 2} 2.919654{col 40}{space 1}    0.68{col 49}{space 3}0.497{col 57}{space 4}-3.768708{col 70}{space 3} 7.738861
{txt}{space 10}1992  {c |}{col 17}{res}{space 2}-.8039706{col 29}{space 2} 2.410538{col 40}{space 1}   -0.33{col 49}{space 3}0.739{col 57}{space 4}-5.554436{col 70}{space 3} 3.946495
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} .4872378{col 29}{space 2} 3.244439{col 40}{space 1}    0.15{col 49}{space 3}0.881{col 57}{space 4}-5.906603{col 70}{space 3} 6.881078
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} .4370783{col 29}{space 2} 2.653804{col 40}{space 1}    0.16{col 49}{space 3}0.869{col 57}{space 4}-4.792792{col 70}{space 3} 5.666949
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} 11.27044{col 29}{space 2}   4.0953{col 40}{space 1}    2.75{col 49}{space 3}0.006{col 57}{space 4} 3.199797{col 70}{space 3} 19.34107
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} 4.352273{col 29}{space 2} 4.608515{col 40}{space 1}    0.94{col 49}{space 3}0.346{col 57}{space 4}-4.729761{col 70}{space 3} 13.43431
{txt}{space 10}1997  {c |}{col 17}{res}{space 2}-.9247601{col 29}{space 2} 3.515689{col 40}{space 1}   -0.26{col 49}{space 3}0.793{col 57}{space 4}-7.853155{col 70}{space 3} 6.003635
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}-2.200537{col 29}{space 2} 3.412468{col 40}{space 1}   -0.64{col 49}{space 3}0.520{col 57}{space 4}-8.925512{col 70}{space 3} 4.524439
{txt}{space 10}1999  {c |}{col 17}{res}{space 2} 1.475309{col 29}{space 2}  4.02215{col 40}{space 1}    0.37{col 49}{space 3}0.714{col 57}{space 4}-6.451172{col 70}{space 3} 9.401789
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} .7850504{col 29}{space 2} 3.665976{col 40}{space 1}    0.21{col 49}{space 3}0.831{col 57}{space 4}-6.439515{col 70}{space 3} 8.009616
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} 1.311348{col 29}{space 2}  4.54906{col 40}{space 1}    0.29{col 49}{space 3}0.773{col 57}{space 4}-7.653519{col 70}{space 3} 10.27621
{txt}{space 10}2002  {c |}{col 17}{res}{space 2}-1.152887{col 29}{space 2} 4.160593{col 40}{space 1}   -0.28{col 49}{space 3}0.782{col 57}{space 4}-9.352198{col 70}{space 3} 7.046424
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} 3.507115{col 29}{space 2} 4.372826{col 40}{space 1}    0.80{col 49}{space 3}0.423{col 57}{space 4}-5.110445{col 70}{space 3} 12.12468
{txt}{space 10}2004  {c |}{col 17}{res}{space 2}-.2835866{col 29}{space 2} 4.440639{col 40}{space 1}   -0.06{col 49}{space 3}0.949{col 57}{space 4}-9.034787{col 70}{space 3} 8.467613
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 2.780574{col 29}{space 2} 4.985346{col 40}{space 1}    0.56{col 49}{space 3}0.578{col 57}{space 4}-7.044084{col 70}{space 3} 12.60523
{txt}{space 10}2006  {c |}{col 17}{res}{space 2}-1.634966{col 29}{space 2} 4.820518{col 40}{space 1}   -0.34{col 49}{space 3}0.735{col 57}{space 4} -11.1348{col 70}{space 3} 7.864865
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} -1.63763{col 29}{space 2} 5.345024{col 40}{space 1}   -0.31{col 49}{space 3}0.760{col 57}{space 4}-12.17111{col 70}{space 3} 8.895848
{txt}{space 10}2008  {c |}{col 17}{res}{space 2}-1.610705{col 29}{space 2} 5.249575{col 40}{space 1}   -0.31{col 49}{space 3}0.759{col 57}{space 4}-11.95608{col 70}{space 3} 8.734671
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-1.901395{col 29}{space 2} 5.513163{col 40}{space 1}   -0.34{col 49}{space 3}0.731{col 57}{space 4}-12.76623{col 70}{space 3} 8.963436
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} .3265723{col 29}{space 2} 7.757156{col 40}{space 1}    0.04{col 49}{space 3}0.966{col 57}{space 4}-14.96051{col 70}{space 3} 15.61366
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} -11.7465{col 29}{space 2} 9.313655{col 40}{space 1}   -1.26{col 49}{space 3}0.209{col 57}{space 4}-30.10099{col 70}{space 3} 6.607993
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict klarnerranneyhatallpost if year>1980 & oldsouth==1
{txt}(option xb assumed; fitted values)
(3,069 missing values generated)

{com}. 
. 
. * 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.klarnerranney = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney = 0{p_end}

{txt}       F(  1,   222) ={res}   15.05
{txt}{col 13}Prob > F ={res}    0.0001
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.klarnerranney = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.klarnerranney - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.klarnerranney = 0{p_end}

{txt}       F(  2,   222) ={res}    7.71
{txt}{col 13}Prob > F ={res}    0.0006
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann  +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann  +  l3.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann + L3D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .005593{col 26}{space 2} .0031329{col 37}{space 1}    1.79{col 46}{space 3}0.076{col 54}{space 4} -.000581{col 67}{space 3} .0117671
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.klarnerranney]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} .0099101{col 26}{space 2}  .005778{col 37}{space 1}    1.72{col 46}{space 3}0.086{col 54}{space 4}-.0014146{col 67}{space 3} .0212348
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. sum real_pc_inc_ann   if klarnerranneyhatallpost!=. & year > 1980 & oldsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 8624.711       8530.043
{txt} 5%    {res} 9523.432       8604.584
{txt}10%    {res}  10065.1       8624.711       {txt}Obs         {res}        270
{txt}25%    {res}  11208.2       9026.411       {txt}Sum of Wgt. {res}        270

{txt}50%    {res} 12611.42                      {txt}Mean          {res} 12776.18
                        {txt}Largest       Std. Dev.     {res} 1990.397
{txt}75%    {res} 14367.06       16986.17
{txt}90%    {res} 15339.42        17263.1       {txt}Variance      {res}  3961682
{txt}95%    {res} 16033.95       17507.38       {txt}Skewness      {res}    .0862
{txt}99%    {res}  17263.1       17584.98       {txt}Kurtosis      {res} 2.270968
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  real_pc_inc_ann ON klarnerranney:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])* 14367.06   -  (_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])* 11208.2

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])* 14367.06 - (_b[l.real_pc_inc_ann] / - _b[l.klarnerranney])* 11208.2

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}klarnerran~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 31.30457{col 26}{space 2} 18.25191{col 37}{space 1}    1.72{col 46}{space 3}0.086{col 54}{space 4}-4.468505{col 67}{space 3} 67.07765
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

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      {txt}name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\mzarit\Documents\Regional Convergence.Krause & Zarit.10-06-2015.SI MODEL.SANS CONTROLS.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res}15 Oct 2015, 17:27:11
{txt}{.-}
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{txt}{sf}{ul off}